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Aussies shift financial ambitions towards savings and staying afloat
4th Dec 2024

Cost-of-living pressures have negatively impacted the financial ambitions of Australians, with 2 in 5 more stressed about their financial situation

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Commercial credit demand improving, but small business owners continue to bear the brunt of difficult market conditions

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Equifax, the global data, analytics and technology company, has announced a partnership with Norton, a consumer Cyber Safety brand of Gen™, bringing together two leaders in their respective industries to offer Australians a powerful suite of identity and credit protection services.

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Insolvencies continue to rise, with December marking a 5-year high

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Mortgage demand returns to positive growth for the first time since 2021

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45% of Australians intend to purchase, renovate or build in the next five years. A third of this cohort (32%, approximately 2.9 million Australians) say they have a negative perception of the construction industry in Australia.

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Financial planning and spending habits change to manage financial health as high cost of living continues, reveals the Equifax Australian Credit Scorecard 2023

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Demand across all product types returning to pre-pandemic levels

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Tougher economic climate also impacting business growth

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