Could Australia’s high mortgage debt lead to credit tightening?

That’s the question asked by Tim Lawless at CoreLogic:

Australian household debt levels have increased substantially over the past thirty years, with the ratio of household debt to annual disposable income rising from 68% in June 1990 to a recent peak of 188.5% in June 2019. Since June last year, the ratio has reduced slightly to 185.0%.

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