As rate hikes loom, Australians scramble to take on increasing amounts of debt
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Source: SBS News
Published: 2026-02-23 11:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Economy & Finance
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Snippet:
New data shows mortgage and credit card applications surged in the months leading up to the Reserve Bank's first rate hike in two years — suggesting many borrowers rushed to lock in finance before costs climbed further. Source: Getty / Bloomberg
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