The RBA released its household debt ratios for the December quarter, which revealed that debt loads remain near record highs despite households furiously repaying debt.
The ratio of household debt to disposable income was a near record high 186.8% in the December quarter, with mortgage debt to income at an equal record high 142.1%:
The only saving grace is that the cratering of mortgage rates means that the ratio of debt repayments to income is below the 2008 peak; albeit still way above the other Anglosphere nations:
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