Debt Consolidation Australia
... where your financial freedom begins!

Debt Consolidation Australia quotes brokers login

BROKERS

Debt Consolidation Australia affiliates

AFFILIATES

debt consolidation loans, debt consolidation Australia, personal loan for debt consolidation, consolidate credit card debt, bad credit debt consolidation, unsecured debt consolidation loan, debt consolidation calculator, best debt consolidation loans, low interest debt consolidation, refinance debt, debt relief options

QUOTES

Quick Quote
One simple enquiry form gives you fast access to quotes and rate comparisons from Australia's leading and best known debt consolidation specialists.
All quotes are provided free and without obligation by a specialist from our national broker referral panel. See our privacy statement for more details.
Knowledgebase
Loan Application Fees:
Fees that are charged to cover or partially cover the lender's internal costs of setting up a loan approval for a home buyer.
Debt Consolidation Australia :: News
SHARE

Share this news item!

RBA's Tug of War with Australia's Market Growth

RBA's Tug of War with Australia's Market Growth

RBA's Tug of War with Australia's Market Growth?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

As Australia's Reserve Bank grapples with economic challenges, its decisive interest rate hikes have led to a contraction in demand, achieving their intended result but with considerable impact on the private sector.

The private sector, a critical component of the nation's economy, has been particularly hard-hit. Industries such as construction and hospitality have seen a surge in insolvencies over the past two years, reflecting the broader struggle within this sector.

Job creation paints a stark picture of this downturn. Since the first quarter of 2023, only 91,433 jobs have emerged in the market-driven sectors, vastly outnumbered by the rise in the civilian population by 956,000 during the same period.

However, the larger economic narrative reveals a different trend. The overall demand across Australia remains relatively robust, primarily buoyed by the thriving non-market sector, which includes government activities and significant net overseas migration.

This divergence has been highlighted by Alex Joiner from IFM Investors, who notes that the non-market sector has generated 624,574 jobs since Q1 2023. This represents a striking 87% of the country's total job growth and is largely attributed to the expansion of initiatives like the National Disability Insurance Scheme (NDIS).

The dichotomy extends to GDP growth as well. Public sector spending is the primary driver of Australia's gross domestic product during this period, overshadowing the private sector's stagnation.

Independent economist Tarric Brooker describes the current situation as "burnout economics," where the Reserve Bank's efforts to cool the economy with elevated interest rates are met with increased public spending by government bodies.

Such significant public sector expansion is affecting productivity negatively. Australia's recent performance in labor productivity places it among the lower ranks compared to other advanced economies, raising concerns about long-term economic sustainability.

If evaluating the market sector alone, the RBA might have opted to lower interest rates; however, the overall economic picture necessitates a broader view. The non-market sector's unprecedented growth has counteracted the central bank's measures to temper demand and inflation.

The original analysis, sourced from the Australian Financial Review, fundamentally underscores the conflict between the RBA's intention to control inflation and the government's expansionary fiscal policies, which continue to bolster the non-market sector, leaving the private sector in a recessionary state.

Published:Tuesday, 21st Jan 2025
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

APRA's New Cap on High Debt-to-Income Home Loans: What Borrowers Need to Know
APRA's New Cap on High Debt-to-Income Home Loans: What Borrowers Need to Know
20 Dec 2025: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks in the housing market. Effective February 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending. This measure applies to both owner-occupiers and investors, with an exemption for new housing developments. - read more
ASIC's Review of Debt Management Firms: Ensuring Consumer Protection
ASIC's Review of Debt Management Firms: Ensuring Consumer Protection
20 Dec 2025: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has announced a comprehensive review of the debt management and credit repair sector, citing concerns about consumer protection, particularly for those facing financial difficulties. This initiative aims to assess how approximately 100 licensed businesses in the sector comply with legal requirements and to examine the range of business models used by these firms. - read more
Australia's AAA Credit Rating: A Testament to Economic Resilience
Australia's AAA Credit Rating: A Testament to Economic Resilience
20 Dec 2025: Paige Estritori
Australia has successfully retained its AAA credit rating, as affirmed by global ratings agency Fitch. This decision underscores the nation's strong institutions, effective policy framework, sound medium-term growth prospects, and high income per capita, even amid prevailing global economic uncertainties. - read more
APRA Implements Cap on High Debt-to-Income Home Loans
APRA Implements Cap on High Debt-to-Income Home Loans
12 Dec 2025: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks in the housing market. Effective February 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending. This measure applies to both owner-occupiers and investors, with an exemption for new housing developments. - read more
Commonwealth Bank Highlights Concerns Over Surging Home Loan Demand
Commonwealth Bank Highlights Concerns Over Surging Home Loan Demand
12 Dec 2025: Paige Estritori
The Commonwealth Bank of Australia (CBA), the nation's largest lender, has raised concerns about the current high demand for home loans, which is contributing to escalating property prices. CEO Matt Comyn acknowledged that while the bank has benefited from the surge in housing credit, such high levels are unsustainable and could undermine long-term financial stability, housing equality, and market accessibility. He suggested that a more moderate pace of credit growth would be beneficial. - read more
Click for more Finance News


Debt Consolidation Articles

Managing Your Credit Card Debt Wisely in Tough Economic Times
Managing Your Credit Card Debt Wisely in Tough Economic Times
In light of the current economic challenges facing many Australians, managing credit card debt has become more crucial than ever. With rising living costs and financial uncertainty, accruing debt on high-interest credit cards can quickly escalate from a manageable inconvenience to a stressful financial burden. - read more
The Importance of Emergency Funds in Your Monthly Budget
The Importance of Emergency Funds in Your Monthly Budget
When it comes to managing your finances, planning for the unexpected is a crucial part of staying on top of your budget. An emergency fund serves as your financial safety net, poised to offer support when unforeseen expenses arise. These funds are specifically set aside to cover unexpected costs, like medical emergencies, car repairs, or urgent home maintenance issues. - read more
The Beginner's Blueprint to Creating an Effective Family Budget
The Beginner's Blueprint to Creating an Effective Family Budget
In a world marked by economic uncertainties and the ever-mounting cost of living, the importance of a sound family budget cannot be overstated. Today's economic climate necessitates not just prudent but strategic financial planning. With the right budget in place, families can navigate the choppy waters of their finances, avoiding the all-too-common pitfalls of overspending and under-saving. - read more
Debt Negotiation 101: How to Lower Interest Rates and Reduce Payments
Debt Negotiation 101: How to Lower Interest Rates and Reduce Payments
High-interest debt can feel like a relentless cycle for many in Australia, often making it challenging to gain financial ground. Whether it's credit card debt, personal loans, or other forms of borrowing, the compounded interest can quickly become overwhelming. Fortunately, debt negotiation presents a viable solution for those caught in this dilemma, offering a ray of hope to reduce financial burden. - read more
How to Track Monthly Expenses for Better Debt Management
How to Track Monthly Expenses for Better Debt Management
In the realm of financial wellness, tracking your monthly expenses is a crucial step towards effective debt management. Many Australians grapple with the challenges of keeping their debts under control, particularly in a dynamic economic environment. - read more

Quick Links: | Debt Consolidation Loans | Debt Consolidation Australia | Personal Loan For Debt Consolidation | Consolidate Credit Card Debt | Bad Credit Debt Consolidation | Unsecured Debt Consolidation Loan | Debt Consolidation Calculator | Best Debt Consolidation Loans | Low Interest Debt Consolidation | Refinance Debt | Debt Relief Options
This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.
IMPORTANT: We do not provide financial product advice or credit assistance. We act solely as an introducer and refer enquiries to licensed third-party intermediaries, insurers, and lenders - with whom you can then deal directly. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should always verify the credentials of your financial adviser before proceeding with recommendations that they may present. Visit the ASIC website for further information.