House Prices and Household Debt: The Australian Impact
You’d need to have been living under a rock to not have been bombarded with headlines on Aussie housing prices, but do you understand the full implications these prices hold? As a result, Australians hold the second highest household debt to GDP ratio in the world. Although this debt once boosted our economy, as Nikko Asset Management explains, in the long-term it could erode future economic growth in Australia.