Housing and Household Debt Soars

debtWith the recent release of the Reserve Bank of Australia’s quarterly report of household finances came the revelation that household and housing debt to disposable income is at a record-high.

The data for December 2015 shows that record low interest rates have led to the ratio of interest payments to disposable income being at its lowest since early 2003.

The value of household assets has also risen to record levels.

The ratios of household and housing debt to disposable incomes increased by 3.4 per cent and 4.3 per cent over the past year.

Source: http://propertyupdate.com.au/household-and-housing-debt-reach-new-record-highs-2/