Aussies pay mortgage in retirement

Almost 50 per cent of Australians won’t pay their mortgage off before retirement.

According to RaboDirect’s National Saving and Debt Barometer, 49 per cent of Australians would be 60 and over before their mortgage was officially paid off.

Of the 2000 financial decision makers surveyed, 980 said would be “beyond retirement age” before their mortgage debt was completely gone.

Written by Staff Reporter

Last Updated: 09 March 2022

Published: 15 December 2010