The acceleration in coverage of the RBA’s concerns with housing finance continues.
From the Australian Financial Review a few moments ago: Housing debt at record high, RBA data shows
- Updated data from the RBA shows the amount of mortgage debt Australians hold relative to their incomes hit a record high in June 2014 of 137.1 per cent, which is five percentage points above the peak in the debt-to-income ratio realised just prior to the global financial crisis.
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I am having trouble uploading some images to the site, but the Australian Financial Review article appears to be ungated, where you can see the graph, see the link (above).
I’ve also put it on Twitter – @ForexLive
From earlier today:
RBA to be called before Australian parliament committee on housing boom measures
