News and Media

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

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

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.

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

Demand across all product types returning to pre-pandemic levels

Tougher economic climate also impacting business growth

Insolvencies and late payments climb, while more SMBs and Sole Traders experience mortgage stress

Mortgage arrears accelerate as the impact of interest rate rises becomes more pronounced

Nearly a quarter of mortgage surveyed brokers expect to take on more refinancing loans this year