Homeowners reluctant to spend big

Newsroom

AUSTRALIAN homeowners cut back on spending when their mortgage debts are higher, with new research challenging previously-held economic wisdom. A Reserve Bank of Australia research paper released yesterday used household spending data to show higher debts mean spending drops. “We find evidence consistent with a ‘debt overhang effect’ – households cut back on their spending […]

Subscribe or Login to see the rest of the content.

Digital Editions

Real Estate

  • What’s open and what’s not?

    What’s open and what’s not?

    SHOPPERS beware! Supermarkets, and major retailers like Kmart, Big W, and Bunnings are closed on Christmas Day, so be sure to stock up beforehand and…