The rise AND RISE of Australian household debt

Monday 1 July 2019

The Reserve Bank of Australia (RBA) has released its debt ratios for the March quarter, which revealed that Australian households’ debt loads have hit another all-time high.

The ratio of household debt to disposable income hit a record high 189.7% in March, with mortgage debt to income a record high 140.1%:

However, mortgage debt retraced slightly to 95.9% of GDP in the March quarter:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.