Mortgage payments to last retirement
finance-advice

Mortgage payments to last retirement

By webmaster

Almost half of all Australian households will be paying off their mortgage in retirement.

According to new research by RaboDirect, 49 per cent of surveyed respondents said they would be older than 60 before they finish paying their mortgage.

The survey by RaboDirect, a subsidiary company of Rabobank Australia, questioned people about their attitudes and behaviour towards debt and savings.

The results found that a significant portion of Australians have a low level understanding of many financial services and products.

About half the survey thought transaction and savings accounts were the same thing.

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Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
MANGERTON 46.41%
2.
QUEANBEYAN EAST 46.15%
3.
SOLDIERS POINT 45.49%
4.
DARLINGTON 45.4%
5.
PADDINGTON 43.31%
Mortgage payments to last retirement
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