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Rising Personal Debt Levels Among Australians: Insights from Canstar's 2025 Survey

Understanding the Increase in Average Personal Debt Despite Fewer Borrowers

Rising Personal Debt Levels Among Australians: Insights from Canstar's 2025 Survey?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Recent findings from a national survey conducted by financial comparison site Canstar reveal a concerning trend in Australia's personal debt landscape.
While the proportion of Australians holding non-property-related personal debt has decreased, those who do carry such debt are facing higher average amounts.
In 2025, the average personal debt has risen to $17,634, up from $15,179 in previous years.

This increase is largely attributed to higher balances on credit cards, buy now pay later (BNPL) schemes, and education-related debts. The data underscores the growing financial pressures on Australians, particularly in the context of rising living costs and economic uncertainties.

Financial experts caution that while short-term loans and BNPL services offer immediate financial relief, they can lead to long-term financial strain if not managed responsibly. It's crucial for individuals to assess their borrowing needs carefully, understand the terms and conditions of such financial products, and develop strategies for timely repayment to avoid accumulating unmanageable debt.

For those currently managing personal debt, seeking professional financial advice can provide tailored strategies to reduce debt levels and improve overall financial well-being. Additionally, utilizing budgeting tools and resources can aid in better financial planning and debt management.

In conclusion, the Canstar survey highlights the importance of prudent financial management and the need for increased awareness about the implications of personal debt. Australians are encouraged to take proactive steps in managing their finances to ensure long-term stability and security.

Published:Thursday, 11th Dec 2025
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

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