News and Media

Mortgage demand declines, but average limits and arrears continue to grow

Equifax, the global data, analytics and technology company, has announced a partnership with Norton, a consumer Cyber Safety brand of Gen™, bringing together two leaders in their respective industries to offer Australians a powerful suite of identity and credit protection services.

Insolvencies continue to rise, with December marking a 5-year high

Mortgage demand returns to positive growth for the first time since 2021

45% of Australians intend to purchase, renovate or build in the next five years. A third of this cohort (32%, approximately 2.9 million Australians) say they have a negative perception of the construction industry in Australia.

Financial planning and spending habits change to manage financial health as high cost of living continues, reveals the Equifax Australian Credit Scorecard 2023

Demand across all product types returning to pre-pandemic levels

Tougher economic climate also impacting business growth

Insolvencies and late payments climb, while more SMBs and Sole Traders experience mortgage stress