Tag: Commonwealth Bank

  • Australian Mortgage Payments Reach Pre-GFC Levels, Data Reveals

    Australians are now spending more than 20% of their pre-tax income on mortgage payments, a level not seen since before the 2008 global financial crisis, according to data from the Commonwealth Bank (CBA). This represents a significant increase from the late 1990s when households allocated just over 10% of their income to mortgage repayments. The…