29 June 2020
In:
Finance, Economy, Family, General
Household wealth in Australia: Household liabilities grew $18.7b (0.8%), following moderate growth in the previous quarter. Total household liabilities were $2,510b, 92% of which are long term loans. The 0.9% growth in long term loans this quarter was due to rises in owner occupier (0.9%) and unincorporated business loans (1.0%), partly offset by falls in investor housing loans (-0.3%). Short term loan borrowings by households decreased 7.2% this quarter, the largest fall in the history of…