INTHEBLACK --- Page: 15 : September 2007 Original article by Peter Pontikis
LexisNexis Summary
Between 1996 and 2006, householders' debt levels have tripled in Australia. The proportion of income that is spent on paying interest costs has risen to historic record levels. Fortunately, the value of assets such as superannuation, property and shares have also increased. The Reserve Bank of Australia (RBA) is well aware of the impact of its interest rates policy on people's investment decisions. High debt levels of Australians has made the RBA more conservative with the extent and timing of its rate rises.
