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PerthNow Local· Just nowBusiness

Debt business booming as households struggle with bills

Credit Corp Group, which buys bad debts at a discount and collects them, is on track for another record result this year. The listed business posted a record $105.5 million net profit in 2025/26 and is targeting between $112 million and $120 million this financial year. Chief executive Thomas Beregi told shareholders the purchase of one of HSBC's run-off credit card books was a key driver. Its consumer lending arms grew almost a fifth in the September quarter, led by its Wallet Wizard loans, which carry an annual interest rate of 47.8 per cent.

Debt business booming as households struggle with bills
realestate.com.au· A while agoBusiness

Australia mortgage stress surges to 450,000 households as default risks hit tipping point

The number of households under mortgage stress, meaning they spend more than they earn, rose to 450,539 in the top-ranked postcodes during the third quarter of 2026. That is a net increase of 31,318 over the quarter and 79,072 over the past year. The Digital Finance Analytics principal, Martin North, said there is a high risk more households will default on their loans and that the situation has reached a tipping point.

Australia mortgage stress surges to 450,000 households as default risks hit tipping point

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