- Total Australian Debt
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AUD Trillions
Consumer confidence drops despite record low interest rates ABC Online The latest economic data has surprised economists. Despite historically low interest rates, consumer confidence fell 7 per cent in May to 97.6. On top of the worry list is the state of the economy as represented by this month's federal budget ... |
BankSA cuts its fixed term mortage interest rates The Australian As fixed rates spiral downwards, the proportion of borrowers opting to fix their home loan continues to increase. Data from the Australian Bureau of Statistics shows that more than 18 per cent of customers who took out a mortgage in March fixed their ... |
ABC Local | Interest rates driving up the $A ABC Local Exporters have been warned not to expect an easing in the Australian dollar until interest rates overseas rise. John Peters, senior economist, Global Markets with the Commonwealth Bank told the Tasmanian Minerals Council conference to expect Australian ... |
The West Australian | ANZ competes with NAB over interest rates The Australian National Australia Bank, Westpac and Commonwealth Bank all took a quarter of a percentage point off their standard variable rates on Tuesday, after the Reserve Bank of Australia's cash rate cut of the same size. ANZ's aggressive move ends a run of ... ANZ announces interest rate cut ANZ Cuts Standard Variable Home-Loan Rate 27 BPs Australia's RBA lowers inflation forecasts |
Fears falling interest rates may impact councils ABC Local The Mayor of the Mansfield Shire is concerned falling interest rates may lead to more elderly people turning to local government for help. Councillor Russell Bate says the Reserve Bank of Australia's (RBA) decision to cut the official cash rate this ... |
Westpac, CBA, NAB pass on full RBA rate cut The West Australian Governor Glenn Stevens said with the inflation rate steady and the Australian dollar remaining strong, there was scope to ease interest rates further. “The board has previously noted that the inflation outlook would afford scope to ease further, should ... |
Sky News Australia | Interest rates not at emergency GFC levels: Swan Yahoo!7 News "To compare this level of interest rates and the circumstances of the Australian economy now to what they were at the height of the global financial crisis is just utterly irresponsible," he said. In a brief press conference held after the Reserve Bank ... RBA's decision to cut interest rates to help Australian households, business ... Price fall delivers $26bn drag on Wayne Swan budget |
Australia cuts interest rate to record low 2.75% Yahoo!7 News SYDNEY (AFP) - Australia's central bank cut interest rates to a record low 2.75 percent Tuesday as investment in the Asia-driven mining sector hits its peak and the persistently high dollar squeezes local industry. The Reserve Bank of Australia's shock ... |
Yahoo!7 News | Stay the course with interest rates: shadow board The Conversation The Reserve Bank of Australia should leave interest rates unchanged this month according to the consensus of Shadow Reserve Board members. Amid market uncertainty over whether the RBA board may choose to cut Australia's cash rates or maintain the ... RBA cuts rates to record low RBA cuts interest rates by 25 basis points for May Interest rates fall to record low as RBA fires first shot in currency war |
The West Australian | Gloom boosts RBA interest rate cut chances The Australian INTEREST rates could be cut to a record low of 2.75 per cent next week as financial markets become sharply more pessimistic about the outlook following a run of weak economic data in Australia and overseas. Bond markets raised the chances of a rate cut ... Count down to interest rate decision Australian Dollar May Yield Key Reversal on RBA Rate Decision RBA's cash rate to stay on hold in May |
Australian Debt Clock is dedicated to the informing the Australian public about our national economic debt levels in relation to general economic performance indicators, as well as keeping households and businesses up to date with the latest updates on interest rate news and trends.
Australia has experienced an enormous amount of economic prosperity and progress over the past two decades, and rising debt levels have been a byproduct of this evolution. Australian Debt Clock seeks to provide awareness around the figures that are aggregating in our economy.
Credit and debt are fundamental elements to the modern Australian economy that have come under scrutiny since the 2007-2008 Global Financial Crisis. Interest rates, also known as the cost borrowing are an essential variable for households and businesses monitor with the latest market information in order ensure they make optimal fiscal decisions.
Please share this information with family, friends and colleagues to ensure they are educated and up-to-date with the numbers behind our current economic times.