There may be more households in the mortgage belt facing escalating personal debt, but some living in Brisbane’s blue-chip suburbs are drowning in it. Figures compiled by Debt Mediators showed there were more households in outer suburbs, including Beenleigh, Camira and Springfield Lakes, one month behind on personal loan and credit card repayments. They had an average debt between $27,765.00 and $33,597.00. There were far fewer residents in financial difficulty in Brisbane’s elite suburbs, but those who did have mounting debts owed, on average, in excess of $73,000. The figures represented people who, unable to service their unsecured debt, had sought...
Read More