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castadiva

200 Posts.

27/03/15

13:29

Post #: 14992697
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Originally posted by HarajukuIsland ↑

Yes that may be so but the average Australian household has a mortgage debt level of 140% (150% total debt when you include other debt). 25 years ago when the last bubble burst it was 35%

That's the average. And that's the highest level of private debt in the world.

I don't mean to flame with this comment but you bubble deniers really need to do a little research before posting unsubstantiated one liners on this thread.

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