Households are increasingly battling to keep up with their monthly bond repayments as rising living costs, unemployment and stagnant income growth continue to squeeze already strained budgets.
Figures compiled by the Banking Association of SA, representing about 95 of the countrys retail banking market, show that mortgage accounts in default increased from 112,874 in 2023 to 118,698 in 2024.
The National Financial Ombud Scheme said it dealt with 774 home loan disputes in 2025, which had risen to 8.09 compared to 7.17 in 2024.
