Australia Household debt has increased and the mainstream media will tell you that higher interest rates will cause a housing "crash".
But the RBA has just released a report stating the opposite!
That overall, the rise in household liquidity (cash and savings etc.) appears to have increased the financial resilience of the household sector and therefore housing markets.
The RBA says that NET HOUSEHOLD DEBT HAS ACTUALLY FALLEN since 2006!
In this video we explore a couple of graphs that really tell us the real story, behind the main stream media's "smoke and mirrors".
Chapters:
00:00:00 - The Truth about Household Debt and the Property Boom
00:01:45 - Accumulation of Household Liquid Assets
00:03:29 - The Relationship between Debt and Assets
00:05:05 - Increase in Household Liquid Assets
00:06:51 - Increase in Assets and Liabilities
00:08:34 - Stability in National Property Markets
00:10:11 - Economic Perspective on the Property Market Growth
00:11:48 - The Property Boom and Bubble Territory
00:13:32 - The Health of the National Property Market
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