Australian Economy

Aussie households bombed on debt

Leith van Onselen
Monday 14 December 2015
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By Leith van Onselen

With the ratio of Australian mortgage debt-to-GDP hitting an all-time high 92.5% of GDP in the September quarter of 2015:

ScreenHunter_10739 Dec. 03 15.44

Driven by record offshore borrowings by Australia’s banking system:

ScreenHunter_10741 Dec. 03 15.46
ScreenHunter_10740 Dec. 03 15.45
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.