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Australia property bust looming, page-65

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moneyback

932 Posts.

10/04/17

14:51

Post #: 23977359
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Originally posted by anf0 ↑

Aussie GDP $1.6 trillion, growing at 2.5% p.a

Aussie housing debt (just houses, nothing else) $1.65 trillion, growing at around 4% p.a

Aussie private sector debt (total, incl. housing) $2.7 trillion

Interest rates? Rising. 7% mortgage rates, that'll be the trigger. Mark this post, I've made the call many times.

Yep you're right, it's all fine. Those stupid pesky first home owners.

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"Aussie housing debt (just houses, nothing else) $1.65 trillion, growing at around 4% p.a"

For balance, the other side of that debt

Household Net Worth Sits at $9.406 Trillion | CoreLogic
"The ABS’ recent release on finance and wealth for the December 2016 quarter showed that the net worth of Australian households was $9.405 trillion"
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