Homeowners face uncertain future

Home buyers and mortgage holders face an uncertain future as experts disagree on the movements of interest rates in the new year.

Consumers are carrying more debt than ever and this can be expected to rise with spending on Christmas. The average credit card balance now stands at $2821 -- almost 10 per cent higher than last year. Along with the ride are figures showing a low savings rate and slower growth in household asset values.

These figures all point to a bleak future for the average Australian household.

Good luck investing