Get notifications in real-time for staying up to date with content that matters to you.
Repaying debt has become a significant motivator for household savings, according to the Melbourne Institute Household Saving and Investment Report.
The report findings for the March quarter, released yesterday, showed repaying debt was an incentive to save for 31.1 per cent of surveyed respondents.
This was a significant increase from the 19.9 per cent recorded in the previous quarter.
The report also found that mortgage debt, along with credit card debt, is the most widely held form of debt for Australian households.
Published: 27-03-08
Who do you aggregate through?
Thank you for your vote, you can see the results here.
Major brokerage appoints new GM of distribution
Mortgage Choice has announced that Citi’s former head of bankin...
ANZ extends business loan terms
The major bank has announced that it will extend the maximum loan...
Credit growth stunted by dive in business lending
Credit growth has waned as a result of a sharp drop-off in busine...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
