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Australian households are paying down debt faster and saving more, with debt at a 10-year low.
Australian households are reducing debt and increasing savings, with Commonwealth Bank CEO Matt Comyn reporting that 87% of the bank’s home loan customers are ahead of their repayment schedules, averaging 35 payments in advance.
This trend, linked to stronger-than-expected economic growth and improved financial health, reflects broader financial resilience and a shift toward cautious spending and proactive debt management.
Household debt has reached its lowest level in over a decade, signaling improved balance sheets and greater financial stability across the nation.
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Los hogares australianos están pagando sus deudas más rápido y ahorrando más, con la deuda en su nivel más bajo en 10 años.