More than 5 million Australians Struggle with Mortgage Repayments
ASIC’s Moneysmart has revealed new nationwide study showing that 5.8 million Australian adults, or 47% of those with debt, have had difficulty making their mortgage payments during the past 12 months.
Surprisingly, the study found that only one in five respondents had ever asked for financial hardship support, and more than half of those questioned claimed they were unaware they could ask their bank or lender for help. Additionally, about 30% of respondents said they would sell assets or take on a second job in instead of contacting their bank to request hardship assistance from them.
About Lan Nguyen
Lan is the Founder and Chief Strategist at Success Accounting Group, Melbourne based CA firm. In a matter of short 8 years she has built up a reputable Chartered accounting firm with 3 offices and a team of 6 professional accountants and support team members. Her mission is to provide Innovative and Strategic Financial advice to help her customers make smarter financial decisions today for a brighter future.
Success Accounting Group is for established business owners who would like help to grow a sustained business. As a business owner you understand what drives your business success with our accounting team taking care of the rest.
Success and Wealth
Success Accounting Group Pty Ltd
Oakleigh, VIC, 3166
