Real Estate & Home

Homeowners tap into equity for holidays and cars, fuelling fears of stubborn inflation

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An estimated 1.4 million Australians have accessed their home equity to fund major expenses like vehicles, vacations, and education costs in the past year, according to Finder's Home Loan Report. This trend is contributing to high inflation, pressuring the Reserve Bank to raise interest rates, as frequent large expenditures drive up prices for goods and services. Developers and tech professionals should monitor how this practice impacts economic stability and borrowing costs.

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