Households Debt in Australia increased to 112.10 percent of GDP in the fourth quarter of 2024 from 111.50 percent of GDP in the third quarter of 2024. This dataset provides - Australia Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Australia Household Debt: % of GDP

• Australia household debt accounted for 116.6 % of the country's Nominal GDP in Mar 2023, compared with the ratio of 118.0 % in the previous quarter.
• Australia household debt to GDP ratio is updated quarterly, available from Jun 1988 to Mar 2023.
• The data reached an all-time high of 129.4 % in Sep 2016 and a record low of 44.2 % in Sep 1988.

• In the latest reports, Australia Household Debt reached 1,957.6 USD bn in Mar 2023.
• Money Supply M2 in Australia increased 4.1 % YoY in Jun 2023.
• Australia Foreign Exchange Reserves was measured at 37.1 USD bn in Jun 2023.
• The Foreign Exchange Reserves equaled 1.5 Months of Import in May 2023.
• Australia Domestic Credit reached 3,627.0 USD bn in May 2023, representing an increased of 1.9 % YoY.
• The country's Non Performing Loans Ratio stood at 0.8 % in Mar 2023, compared with the ratio of 0.8 % in the previous quarter.

Australia Household Finance: Ratio: Debt to Disposable Income data was reported at 181.813 % in Dec 2024. This records a decrease from the previous number of 181.881 % for Sep 2024. Australia Household Finance: Ratio: Debt to Disposable Income data is updated quarterly, averaging 115.018 % from Mar 1977 (Median) to Dec 2024, with 192 observations. The data reached an all-time high of 188.173 % in Jun 2018 and a record low of 33.827 % in Mar 1977. Australia Household Finance: Ratio: Debt to Disposable Income data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.KB006: Household Finance Ratio.

Graph and download economic data for Household Debt to GDP for Australia (HDTGPDAUQ163N) from Q4 2005 to Q4 2024 about Australia, debt, households, and GDP.

This dataset provides values for HOUSEHOLDS DEBT TO INCOME reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Australia Household Finance: Ratio: Debt to Disposable Income: Housing: ow Owner Occupier data was reported at 101.500 % in Dec 2024. This records a decrease from the previous number of 101.686 % for Sep 2024. Australia Household Finance: Ratio: Debt to Disposable Income: Housing: ow Owner Occupier data is updated quarterly, averaging 79.685 % from Mar 1990 (Median) to Dec 2024, with 140 observations. The data reached an all-time high of 105.096 % in Sep 2022 and a record low of 25.723 % in Mar 1990. Australia Household Finance: Ratio: Debt to Disposable Income: Housing: ow Owner Occupier data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.KB006: Household Finance Ratio.

Key information about Australia Debt Service Ratio: Households

• Australia Debt Service Ratio: Households was reported at 17.500 % in Sep 2024
• This records an increase from the previous number of 17.400 % for Jun 2024
• Australia Debt Service Ratio: Households data is updated quarterly, averaging 15.300 % from Mar 1999 to Sep 2024, with 103 observations
• The data reached an all-time high of 18.200 % in Jun 2008 and a record low of 10.000 % in Mar 1999
• Australia Debt Service Ratio: Households data remains active status in CEIC and is reported by Bank for International Settlements
• The data is categorized under World Trend Plus’s Association: Banking Sector – Table RC.BIS.DSR: G2 Households (HH) and Non-Profit Institution Serving Households (NPISHs): Quarterly

The house price-to-income ratio in Australia was ***** as of the first quarter of 2025. This ratio, calculated by dividing nominal house prices by nominal disposable income per head, increased from the previous quarter. The price-to-income ratio can be used to measure housing affordability in a specific area. Australia's property bubble There has been considerable debate over the past decade about whether Australia is in a property bubble or not. A property bubble refers to a sharp increase in the price of property that is disproportional to income and rental prices, followed by a decline. In Australia, rising house prices have undoubtedly been an issue for many potential homeowners, pricing them out of the market. Along with the average house price, high mortgage interest rates have exacerbated the issue. Is the homeownership dream out of reach? Housing affordability has varied across the different states and territories in Australia. In 2024, the median value of residential houses was the highest in Sydney compared to other major Australian cities, with Brisbane becoming an increasingly expensive city. Nonetheless, expected interest rate cuts in 2025, alongside the expansion of initiatives to improve Australia's dwelling stock, social housing supply, and first-time buyer accessibility to properties, may start to improve the situation. These encompass initiatives such as the Australian government's Help to Buy scheme and the Housing Australia Future Fund Facility (HAFFF) and National Housing Accord Facility (NHAF) programs.

Australia Household Finance: Ratio: Debt to Disposable Income: Housing data was reported at 135.114 % in Dec 2024. This records an increase from the previous number of 134.864 % for Sep 2024. Australia Household Finance: Ratio: Debt to Disposable Income: Housing data is updated quarterly, averaging 71.575 % from Mar 1977 (Median) to Dec 2024, with 192 observations. The data reached an all-time high of 138.800 % in Sep 2022 and a record low of 24.167 % in Mar 1977. Australia Household Finance: Ratio: Debt to Disposable Income: Housing data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.KB006: Household Finance Ratio.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

The Debt Collection industry's performance tends to improve when economic conditions are weak, as these factors can elevate business bankruptcies and cause more households to default on loans. On the other hand, a strong economy and tight lending practices can dampen debt collection agencies' performance. Households and businesses pay down debts when the economy is performing well, while tighter lending practices leads to better loans that are less likely to default.While economic conditions weakened in the COVID-19 outbreak's aftermath, the government provided businesses with assistance via stimulus measures to ensure that they could remain in operation. This factor dampened business bankruptcies during the pandemic, dulling demand for debt collection services. Long-term drops in business bankruptcies, the household debt to assets ratio and the ratio of credit card debt to discretionary income have cut into industry profit margins. Despite these trends, debt collection agencies are starting to recover. Inflationary pressures have been ramping up, and the RBA has been raising the cash rate consistently to combat this climb. Resulting rises in interest rates and the cost of borrowing have made it more likely for households and businesses to accumulate bad debt. Revenue is expected to fall at an annualised 7.1% to an estimated $1.2 billion over the five years through 2023-24. However, this trend includes an expected rise of 9.4% in 2023-24, as recovering demand for debt collection services has sparked improved performance.Debt collection agencies' performance is set to keep recovering over the next few years. Climbing interest rates will lift the ratio of interest payments to disposable income, making it more likely that downstream markets will seek out debt collection services. Agencies are also likely to improve their profit margins; many debt collectors are implementing process automation via web portals, which can improve productivity and automate communications functions like sending emails and messages. Growth opportunities are also on track to arise for debt collectors, as more companies will be outsourcing receivables management to specialists in the industry – particularly companies in the finance, insurance, banking and telecommunications sectors. Overall, revenue is forecast to climb at an annualised 1.1% to an estimated $1.3 billion over the five years through 2028-29, reflecting the industry's improved operating conditions.

Australia Household Income: Trend: Use of Income: Primary Income Payable: Property: Consumer Debt Interest data was reported at 2,385.000 AUD mn in Mar 2019. This records an increase from the previous number of 2,383.000 AUD mn for Dec 2018. Australia Household Income: Trend: Use of Income: Primary Income Payable: Property: Consumer Debt Interest data is updated quarterly, averaging 917.000 AUD mn from Sep 1959 (Median) to Mar 2019, with 239 observations. The data reached an all-time high of 3,961.000 AUD mn in Jun 2008 and a record low of 21.000 AUD mn in Sep 1959. Australia Household Income: Trend: Use of Income: Primary Income Payable: Property: Consumer Debt Interest data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A288: SNA08: Household Saving Ratio and Household Income: Trend.

While the share of Australian households occupied by homeowners without a mortgage has decreased overall since financial year 2001, the value has fluctuated in recent years to sit at 29.5 percent in financial year 2020. Homeowners in Australia have had to compete with rising housing related costs, with the high house price to income ratio in recent years.

Australia Household Income: sa: Use of Income: Primary Income Payable: Property: Consumer Debt Interest data was reported at 2,746.000 AUD mn in Dec 2024. This records an increase from the previous number of 2,724.000 AUD mn for Sep 2024. Australia Household Income: sa: Use of Income: Primary Income Payable: Property: Consumer Debt Interest data is updated quarterly, averaging 973.500 AUD mn from Sep 1959 (Median) to Dec 2024, with 262 observations. The data reached an all-time high of 4,007.000 AUD mn in Jun 2008 and a record low of 21.000 AUD mn in Sep 1962. Australia Household Income: sa: Use of Income: Primary Income Payable: Property: Consumer Debt Interest data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A289: SNA08: Household Saving Ratio and Household Income: Seasonally Adjusted.

家庭财务：比率：可支配收入债务：住房：其中业主自住在12-01-2024达101.500%，相较于09-01-2024的101.686%有所下降。家庭财务：比率：可支配收入债务：住房：其中业主自住数据按季更新，03-01-1990至12-01-2024期间平均值为79.685%，共140份观测结果。该数据的历史最高值出现于09-01-2022，达105.096%，而历史最低值则出现于03-01-1990，为25.723%。CEIC提供的家庭财务：比率：可支配收入债务：住房：其中业主自住数据处于定期更新的状态，数据来源于Reserve Bank of Australia，数据归类于全球数据库的澳大利亚 – Table AU.KB006: Household Finance Ratio。

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Home Equity Lending Market Size 2025-2029

The home equity lending market size is forecast to increase by USD 48.16 billion, at a CAGR of 4.7% between 2024 and 2029.

The market is experiencing significant growth, fueled primarily by the massive increase in home prices and the resulting rise in residential properties with substantial equity. This trend presents a lucrative opportunity for lenders, as homeowners with substantial equity can borrow against their homes to fund various expenses, from home improvements to debt consolidation. However, this market also faces challenges. Lengthy procedures and complex regulatory requirements can hinder the growth of home equity lending, making it essential for lenders to streamline their processes and ensure compliance with evolving regulations.
Additionally, economic uncertainty and potential interest rate fluctuations may impact borrower demand, requiring lenders to adapt their strategies to remain competitive. To capitalize on market opportunities and navigate challenges effectively, lenders must focus on enhancing the borrower experience, leveraging technology to streamline processes, and maintaining a strong regulatory compliance framework.

What will be the Size of the Home Equity Lending Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, shaped by various economic and market dynamics. Fair lending practices remain a crucial aspect, with entities ensuring borrowers' creditworthiness through rigorous risk assessments. Economic conditions, employment history, and credit score are integral components of this evaluation. Mortgage insurance (PMIs) and mortgage-backed securities (MBS) are employed to mitigate risk in the event of default. Verification of income, property value, and consumer protection are also essential elements in the home equity lending process. Housing prices, Homeowners Insurance, and property value are assessed to determine the loan-to-value ratio (LTV) and interest rate risk. Prepayment penalties, closing costs, and loan term are factors that influence borrowers' financial planning and decision-making.

The regulatory environment plays a significant role in shaping market activities. Consumer confidence, financial literacy, and foreclosure prevention initiatives are key areas of focus. real estate market volatility and mortgage rates impact the demand for home equity loans, with cash-out refinancing and debt consolidation being popular applications. Amortization schedules, mortgage broker involvement, and escrow accounts are essential components of the loan origination process. Market volatility and housing market trends continue to unfold, requiring ongoing risk assessment and adaptation.

How is this Home Equity Lending Industry segmented?

The home equity lending industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Source

  Mortgage and credit union
  Commercial banks
  Others


Distribution Channel

  Offline
  Online


Purpose

  Home Improvement
  Debt Consolidation
  Investment


Loan Type

  Fixed-Rate
  Variable-Rate


Geography

  North America

    US
    Mexico


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    UAE


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Source Insights

The mortgage and credit union segment is estimated to witness significant growth during the forecast period.

In the realm of home equity lending, mortgage and credit unions emerge as trusted partners for consumers. These financial institutions offer various services beyond home loans, including deposit management, checking and savings accounts, and credit and debit cards. By choosing a mortgage or credit union for home equity lending, consumers gain access to human advisors who can guide them through the intricacies of finance. Mortgage and credit unions provide competitive rates on home equity loans, making them an attractive option. Consumer protection is a priority, with fair lending practices and rigorous risk assessment ensuring creditworthiness. Economic conditions, employment history, and credit score are all taken into account during the loan origination process.

Home equity loans can be used for various purposes, such as home improvement projects, debt consolidation, or cash-out refinancing. Consumer confidence plays a role in loan origination, with interest rates influenced by market volatility and economic conditions. Fixed-rate and adjustable-rate loans are available, each with its a

家庭财务：比率：可支配收入债务在12-01-2024达181.813%，相较于09-01-2024的181.881%有所下降。家庭财务：比率：可支配收入债务数据按季更新，03-01-1977至12-01-2024期间平均值为115.018%，共192份观测结果。该数据的历史最高值出现于06-01-2018，达188.173%，而历史最低值则出现于03-01-1977，为33.827%。CEIC提供的家庭财务：比率：可支配收入债务数据处于定期更新的状态，数据来源于Reserve Bank of Australia，数据归类于全球数据库的澳大利亚 – Table AU.KB006: Household Finance Ratio。

家庭财务：比率：可支配收入债务：住房在12-01-2024达135.114%，相较于09-01-2024的134.864%有所增长。家庭财务：比率：可支配收入债务：住房数据按季更新，03-01-1977至12-01-2024期间平均值为71.575%，共192份观测结果。该数据的历史最高值出现于09-01-2022，达138.800%，而历史最低值则出现于03-01-1977，为24.167%。CEIC提供的家庭财务：比率：可支配收入债务：住房数据处于定期更新的状态，数据来源于Reserve Bank of Australia，数据归类于全球数据库的澳大利亚 – Table AU.KB006: Household Finance Ratio。

家庭收入：趋势：收入利用：主要收入应付帐款：地产：消费者债务利息在03-01-2019达2,385.000百万澳大利亚元，相较于12-01-2018的2,383.000百万澳大利亚元有所增长。家庭收入：趋势：收入利用：主要收入应付帐款：地产：消费者债务利息数据按季更新，09-01-1959至03-01-2019期间平均值为917.000百万澳大利亚元，共239份观测结果。该数据的历史最高值出现于06-01-2008，达3,961.000百万澳大利亚元，而历史最低值则出现于09-01-1959，为21.000百万澳大利亚元。CEIC提供的家庭收入：趋势：收入利用：主要收入应付帐款：地产：消费者债务利息数据处于定期更新的状态，数据来源于Australian Bureau of Statistics，数据归类于全球数据库的澳大利亚 – Table AU.A288: SNA08: Household Saving Ratio and Household Income: Trend。

家庭收入：SA：收入利用：主要收入应付帐款：地产：消费者债务利息在12-01-2024达2,746.000百万澳大利亚元，相较于09-01-2024的2,724.000百万澳大利亚元有所增长。家庭收入：SA：收入利用：主要收入应付帐款：地产：消费者债务利息数据按季更新，09-01-1959至12-01-2024期间平均值为973.500百万澳大利亚元，共262份观测结果。该数据的历史最高值出现于06-01-2008，达4,007.000百万澳大利亚元，而历史最低值则出现于09-01-1962，为21.000百万澳大利亚元。CEIC提供的家庭收入：SA：收入利用：主要收入应付帐款：地产：消费者债务利息数据处于定期更新的状态，数据来源于Australian Bureau of Statistics，数据归类于全球数据库的澳大利亚 – Table AU.A289: SNA08: Household Saving Ratio and Household Income: Seasonally Adjusted。