The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Thursday, May 31, 2012

How leveraged are Australian households (chart)?

This is great data from the RBA showing the distribution of housing debt for households with debt based on age cohorts. The actual gearing ratio for all households (ie, including those with no debt) is about half this level. So the median leverage outstanding for home owners with a mortgage is only about 44%...


at 10:19 AM