Business News

More people are retiring with high mortgage debts. The implications are huge

Written by Rachel Ong ViforJ, Professor of Economics, School of Economics, Finance and Property, Curtin University

Half a million Australians aged 50 and over lost their homes in the first decade of this century.Shutterstock

The number of mature age Australians carrying mortgage debt into retirement is soaring.

And on average each mature age Australian with a mortgage debt owes much more relative to their income than 25 years ago.

Microdata from the Bureau of...

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