Equifax’s Executive General Manager, Moses Samaha, warned that Australia’s SME sector is facing a spike in insolvencies alongside the rise in mortgage arrears.
Equifax data has found that sole traders in construction are 60% more likely to be in early mortgage arrears versus the average consumer, whereas this figure is 75% for sole traders in the hospitality sector.
https://www.macrobusiness.com.au/2024/06/home-builders-brace-for-another-spike-in-insolvencies/
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