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RBA holds rates at 4.35% as mortgage debt burden climbs
The Reserve Bank held the cash rate steady. But Australians are now spending 12 per cent of their income on debt repayments. That's close to 2008 financial crisis levels.
Why it mattersHousehold budgets are under strain even with rates paused. Many Australians are now paying more of their income to debt than they did before 2008.
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