Fed: Things are not that bad, new finance survey suggests
07 Jan 2009 9:20 AM
A new survey shows most Australian households are meeting loan repayments despite the economic downturn.
The Mortgage and Finance Association of Australia survey shows more than three quarters of households surveyed say they're easily meeting their mortgage repayments.
One in four believe their financial situation had improved in the last year .. a decrease of more than 43 per cent from 2007.
The Association says overall the survey results indicate the financial situation of the average Australian is not as dire as portrayed.
