Australian mortgage debt hits all-time high

Monday 29 September 2014

The RBA released its quarterly household balance sheet statistics on Friday, which revealed that Australian mortgage debt hit the highest level on record in the June quarter when measured against household disposable income.

According to the RBA, the ratio of housing debt hit a whopping 137.1% in June, up from 136.1% in March and 5% above the pre-GFC peak of 132.1% (see next chart).

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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.