Blogotariat

Oz Blog News Commentary

Could Australia’s high mortgage debt lead to credit tightening?

November 20, 2020 - 12:20 -- Admin

That’s the question asked by Tim Lawless at CoreLogic: Australian household debt levels have increased substantially over the past thirty years, with the ratio of household debt to annual disposable income rising from 68% in June 1990 to a recent peak of 188.5% in June 2019. Since June last year, the ratio has reduced slightly

The post Could Australia’s high mortgage debt lead to credit tightening? appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]