Fitch warns of likely rise Australian household debt

Business | 4 Jun 2019 1:31 pm

Fitch Ratings has warned that any sharp rebound in Australian home prices and housing debt fuelled by the newfound optimism towards property would be a "negative" for banks.

Fitch's senior director of Asia-Pacific financial institutions, Tim Roche, said a key concern was how cheaper credit and greater optimsim about housing might reignite activity in the property market, and household borrowing, the Sydney Morning Herald reports. 

Roche said the decline in property prices had been a "healthy" correction so far.

But he signalled that Fitch was watching for any signs of a resurgence in Australian household debt levels.

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