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Australians drown themselves in mortgage debt

July 10, 2024 - 00:10 -- Admin

Data from the Australian Bureau of Statistics shows that the average new home loan for owner-occupiers reached a record high of $626,055 nationally in May. In May, the average size of new home loans reached fresh highs in Queensland, South Australia, and Western Australia. NSW still boasts the nation’s highest average home loan, at $767,584;

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