Australia is grappling with a mortgage-led surge in cries for help to the National Debt Helpline.
Almost 170,000 people called the service or used its online chat in 2024, up by close to 19,000 (12 per cent) from the year prior — with some of the highest volumes on record in Victoria and the ACT.
Most other states have also recorded spikes as homeowners continue to grapple with interest rates at their highest level since 2011, with only South Australia’s figures declining.
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