Life now tougher for borrowers than 17pc interest days, analysis finds

A new KPMG analysis has found that Australian households carrying mortgages today face a heavier interest burden than borrowers did during the seventeen percent rate era. Despite substantially lower interest rates now, the analysis suggests the shift reflects higher home prices and larger loan amounts, creating a greater cumulative cost of borrowing for today's households. The finding appears to settle a long-running generational debate about who had it toughest on housing.

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