Aussie household debt closes in on 200% of income

Tuesday 3 October 2017

The Reserve Bank of Australia (RBA) has released its debt ratios for the June quarter, which revealed that Australian households’ debt loads have hit another all-time high, with the ratio of household debt to disposable income hitting a whopping 193.7%:

As expected, this increase has been driven by surging mortgage debt, where the ratio hit a record 136.4% of disposable income:

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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.