Australian shoppers forced to cut back on Christmas spending after latest interest
Australian shoppers are facing pressure to cut back on Christmas spending amid rising interest rates, with bankers estimating people with $1M mortgages will need to pay $737 more per month. Blackburn, an expert in personal finance, advises shoppers to plan carefully and avoid overspending, and to consider alternative solutions such as credit cards or early buying.
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Published 07 Nov 2026, 20:18 UTC · Updated 07 Nov 2026, 20:21 UTC
Summary by OZbrief Editorial. Original report: 7 News. Editorial policy · Corrections
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