Articles for Household Debt

Easing lending rules would make it easier for first home buyers, but would it create financial instability?
1 month, 2 weeks ago

Easing lending rules would make it easier for first home buyers, but would it create financial instability?

ABC  

As the Reserve Bank meets to consider whether to follow in America's footsteps and cut interest rates, housing affordability is again centre stage of the political debate. They point a worsening picture of mortgage stress picture now that the Reserve Bank has raised the official cash rate to 4.35 per cent and variable interest rates are hovering around 6 per …

Housing Financial Bank Mortgage Home Loans Interest Rates Risk
South Korea’s central bank raises rates in a bid to boost the economy
2 months, 1 week ago

South Korea’s central bank raises rates in a bid to boost the economy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy South Korea’s central bank on …

Bank Household Debt Rate
Raging inflation, stagnant wages forcing households into debt: Congress
8 months, 2 weeks ago

Raging inflation, stagnant wages forcing households into debt: Congress

The Hindu  

The alarm bells are ringing for the Indian economy, but Prime Minister Narendra Modi has not heard them, the Congress said on April 9. The principal Opposition party’s statement was in response to a news report in The Hindu that quoted the findings of leading financial services firm Motilal Oswal on India’s growing household debt. Party general secretary Jairam Ramesh …

India Household Savings Congress Indian Debt Household Debt
Households’ debt surged to fresh high by December 2023: report
8 months, 2 weeks ago

Households’ debt surged to fresh high by December 2023: report

The Hindu  

In what may be construed as a sign of rising financial distress, India’s household debt levels are reckoned to have touched an all-time high of 40% of Gross Domestic Product by December 2023, while net financial savings had likely dropped to their lowest level at around 5% of GDP, as per a research report from leading financial services firm Motilal …

India Financial Savings Household Debt 2023 Gdp Net
IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn
1 year, 8 months ago

IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn

ABC  

The level of risk in Australia's housing market is the second-highest in the developed world, the International Monetary Fund has warned. Key points: The IMF has downgraded its global economic growth outlook to 2.8 per cent this year, stoking fears of an economic downturn It says Australia's housing market has one of the highest risks of mortgage repayment defaults in …

Global Economy Housing Market Financial New Zealand Economic
Fear of China’s Evergrande Contagion Spreading to Global Commodity Markets Looms Large
3 years, 2 months ago

Fear of China’s Evergrande Contagion Spreading to Global Commodity Markets Looms Large

News 18  

Buried under a huge $305 billion debt and almost on the brink of collapse, China’s real estate giant Evergrande Group defaulted twice on payments to offshore bondholders in September 2021. With large offshore investments in Chinese high-yield real estate bonds, financial markets in other countries now are exposed to substantial risk of contagion. The empire of Evergrande Group spans over …

Real Estate China Markets Housing Property Debt Prices