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    ho own their home outright.

    Also the average size of the Australian Mortgage has significantly grown in recent years.

    According to the CommSec chief equities economis

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    The Reserve Bank Governor of Australia has issued a warning to households over the high level of debt that many have taken on as a result of recent boom times. Mr Ian Macfarlane said that while the overall economy is not under threat, individual households are vulnerable to a downturn. He appealed for them to scale back their borrowing.

    According to media reports, household debt has increased 14 per cent a year on average over the past decade and now stands at about $530 billion while the ratio of debt to income rose to 125 per cent from 56 per cent over the same period.

    Recent Australian mortgage statistics show that there are more Australians paying off a mortgage than the number of persons who own their home outright.

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    According to the CommSec chief equities economist

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    said that while the overall economy is not under threat, individual households are vulnerable to a downturn. He appealed for them to scale back their borrowing.

    According to media reports, household debt has increased 14 per cent a year on average over the past decade and now stands at about $530 billion while the ratio of debt to income rose to 125 per cent from 56 per cent over the same period.

    Recent Australian mortgage statistics show that there are more Australians paying off a mortgage than the number of persons who own their home outright.

    Also the average size of the Australian Mortgage has significantly grown in recent years.

    According to the CommSec chief equities economis

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    media reports, household debt has increased 14 per cent a year on average over the past decade and now stands at about $530 billion while the ratio of debt to income rose to 125 per cent from 56 per cent over the same period.

    Recent Australian mortgage statistics show that there are more Australians paying off a mortgage than the number of persons who own their home outright.

    Also the average size of the Australian Mortgage has significantly grown in recent years.

    According to the CommSec chief equities economis

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    per cent from 56 per cent over the same period.

    Recent Australian mortgage statistics show that there are more Australians paying off a mortgage than the number of persons who own their home outright.

    Also the average size of the Australian Mortgage has significantly grown in recent years.

    According to the CommSec chief equities economis

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    ho own their home outright.

    Also the average size of the Australian Mortgage has significantly grown in recent years.

    According to the CommSec chief equities economist Craig James, the increase in the number of people with mortgages shows that property buyers are more confident and prepared to take on debt. Craig James believes that there are two main reasons for the fact that those with mortgages now outnumbered those who owned their home outright.

    First of all - "Interest rates have come down over time, with mortgage rates now around 7 per cent," he said. Mr James said buyers were less concerned they would see a return to interest rates at 18 per cent, as occurred in the recession of the early 1990s.

    Secondly, items such as cars or household goods were taking up a much smaller part of family budgets, "so people can rationalise, they can afford to take on m

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