Original article by John Kehoe
The Australian Financial Review – Page: 9 : 11-Oct-18
The International Monetary Fund’s latest global financial stability report notes that Australia is one of several advanced economies where the rising cost of house prices is a concern. The IMF also expressed concern that the household debt-to-GDP ratio is rising in Australia and a number of other countries. Australia’s household debt-to-GDP ratio is currently around 122 per cent, while the nation’s household debt-to-income ratio is close to 200 per cent.
INTERNATIONAL MONETARY FUND, AUSTRALIA. DEPT OF THE TREASURY, RESERVE BANK OF AUSTRALIA