Australian’s love affair with debt – how big is the risk? - Aspire Planning Group

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Australian’s love affair with debt – how big is the risk?

If Australia has an Achille’s heal it’s the high and still rising level of household debt that has gone hand in hand with the surge in house prices relative to incomes. Whereas several comparable countries have seen their household debt to income ratios pull back a bit since the Global Financial Crisis (GFC), this has not been the case in Australia.

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