Australia’s mortgage burden is now above 1989 levels – when interest rates were 17%
KPMG analysis rebuts claims older generations had it harder when it came to buying and paying off a homeGet our breaking news email, free app or daily news podcastAustralia’s national mortgage burden is heavier now than it was when lending…
By · July 1, 2026 · 1 min read
This article was originally published by
The Guardian World
and is republished here under license.
KPMG analysis rebuts claims older generations had it harder when it came to buying and paying off a home
Australia’s national mortgage burden is heavier now than it was when lending rates reached 17% at the end of the 1980s, new analysis reveals.
Terry Rawnsley, an urban economist at KPMG, said his research was in part a “myth-busting” exercise aimed at rebutting oft-repeated claims that previous generations had it harder when it came to buying and paying off a home.
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