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Mortgage binge leaves Aussie households swimming naked

September 26, 2022 - 00:05 -- Admin

The Bank for International Settlements (BIS) released global household debt statistics for the March quarter of 2022, which revealed that Australia’s total household debt is the second highest in the world when measured against gross domestic product (GDP). As shown in the table below, Australia’s debt-to-GDP ratio was 118% in the March quarter, behind only

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