How much debt households had when interest rates were 17 per cent, compared to now

Sydney Morning Herald
by Dan F Stapleton
February 17, 2026
How much debt households had when interest rates were 17 per cent, compared to now
Aussie households are carrying almost three times as much debt as they were in 1990, most of it housing. This is magnifying the impact of interest-rate movements on household budgets, experts say.
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Originally published on Sydney Morning Herald on 2/17/2026