$2.2 trillion. That’s how much Australian households owe right now, according to the latest ABS stats. Household liabilities grew by $1.2 billion in the last quarter alone. Real household debt per person has risen steadily by around 2 per cent per year, and now sits at around $79,000 per person.

It’s now been a few days since the federal budget was handed down and there were a few incentives for first home buyers and over 60’s. In the latest episode of the Great Australian Dream podcast we’ll dig deeper than just the headlines with Property and Mortgage expert Jane Slack-Smith.

After reeling from the impact of COVID-19 lockdowns in 2020, property values throughout Australia have strongly rebounded, rising at their fastest pace in 32 years. These exceptionally strong conditions are now being seen across all major capital cities, following the trend set by regional areas during the latter half of 2020.

After reeling from the impact of COVID-19 lockdowns in 2020, property values throughout Australia have strongly rebounded, rising at their fastest pace in 32 years. These exceptionally strong conditions are now being seen across all major capital cities, following the trend set by regional areas during the latter half of 2020.