Australian debt to income ratio alarming: RBA

The ratio of household debt to disposable income has reached alarming numbers, according to the Reserve Bank after data showed it at a three year high of 148.8% last December. The numbers are still well below the GFC peak, where the ratio has reached above 150%.

With the return of cheap and affordable loans, analysts are worried as to how much households can take, as debt in line with income is predicted to rise by about 5% per year.

Read more about this on the Sydney Morning Herald website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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