Property owners facing tougher conditions compared to 1990s recession | Finance Report | ABC NEWS
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New analysis from KPMG economists shows why the current generation of home owners and borrowers are experiencing a harder time with their mortgage repayments — even though interest rates now are much lower than they were during 1990s recession, when rates surged as high as 17.5 per cent. Meanwhile, the ASX traded sideways for much of today, but fared much better than foreign share markets, as David Chau explains. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-07-02/asx-markets-business-news-live-updates-thursday-2-july/106868142 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #ABCBusiness
Tags: Australia, abc, abc news, news, interest rates, 90s recession, 1990s recession, house prices, borrowing power, housing, housing market, gfc, global financial crisis, generational wealth, kpmg, economic news, housing news, finance news, investment news, economy news
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