Australian EconomyAustralian Property

Glenn Greenspan fails as Aussie debt smashes records

Leith van Onselen
Thursday, 1 October 2015
Advertisement

By Leith van Onselen

The Reserve Bank of Australia (RBA) yesterday updated its quarterly financial statistics, which revealed that Australian household debt rose to another all-time high in the June quarter of 2015.

The ratio of mortgage debt-to-disposable income hit a record 132.8% in June, well up from the June 2010 peak of 120.9% (see next chart).

ScreenHunter_9524 Sep. 30 14.31

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
Twitter Share
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.