Mortgage burden worse than 1989's 17% era: KPMG analysis drops a truth bomb — Australians now devote 5% of household income to mortgage interest, nearly matching the 5.7% peak of 1989 when lending rates were 17%. With three rate hikes still flowing through, the total debt burden is heading toward 6%. Boomers, the math says you didn't have it harder.

ASX opens in the red as tech sell-off bites: The S&P/ASX 200 slid 0.7% to 8,665.7 by 10:07am, dragged down by a...