The shocking report revealed a 54% increase in home loan hardship notices from mortgage holders in the last quarter of 2023 compared with the same period in 2022.
A new report by corporate regulator ASIC is highlighting a more than 54 per cent increase in home loan stress notices. That's as the cost of living stays high, keeping the pressure on many households.
Rising rent? Mega mortgage? Cozzielivs? Hardship help hard to get, as banks fail to help those who need it abc.net.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abc.net.au Daily Mail and Mail on Sunday newspapers.
A new ASIC report says banks aren't doing what the law says they must do to help customers in trouble, as the proportion of borrowers in strife rises due to high interest rates, rocketing rents and increases in the cost of living.