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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (30311)4/28/2005 6:56:53 PM
From: KyrosLRead Replies (2) of 306849
 
Grace, one of the reasons of the much larger increase in Aussie consumer and mortgage debt over the last 30 years is the larger increase in Aussie population compared to the US. But I suspect the main reason is that Aussie debt back in 1976, when they started tracking the figures, was much smaller per capita than that in the US. So the percentage increase is much larger starting from a much smaller base. A much more relevant figure is debt as a percentage of assets, or, even better, debt service as a percentage of income.
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