Almost half a million Australian households have been spared from falling into housing affordability stress thanks to JobKeeper, JobSeeker and the Coronavirus supplement.
Australia might be tipped for a faster than expected economic recovery from the coronavirus, but that doesn’t mean everyone is going to have a good time. Many Australians who rent could be looking at a harsh new year.
New research has revealed there would have been 700,00 more job losses if not for the JobKeeper scheme.
New research shows the planned cuts to JobSeeker in 2021 could push as many as 190,000 people - including 50,000 children - into poverty.
Consumer credit demand has plummeted overall, but demand for home loans remains strong, new data shows.
The latest data from the Australian Financial Security Authority indicates insolvencies in construction, mining and retail have increased in the past fortnight.
Both the Prime Minister and Social Services Minister have indicated that boosted JobSeeker will continue past its initial 31 December cutoff.
Credit rating agency Moody's released data into mortgage delinquencies and revealed Perth suburbs make up eight of the top ten postcodes for 30-days-plus arrears.
The Australian Financial Security Authority recorded a 15.5% increase to 285 bankruptcies in the past fortnight, up from 244 in the previous period.
A survey released today revealed 40% of tenants did not have enough money for essentials after paying rent, while half are struggling with their mental health.