Rentaltrends is a good rental agency. I felt a bit tricked by my former agency. They told me "of course you can transfer the money every fortnight" but it turned out that in order to do so I would have to pay for another agency collecting the money for them. With rentaltrends it was so much easier: I just created a reoccurring payment - done. Like most renters I was very worried about vacating the premises. But it was actually super easy. I got the... Sylvain Hohn
The latest analysis by CoreLogic of ABS data shows how investors are handling debt better than owner-occupiers, as well as how asset wealth is overtaking household debt despite overall spikes in both.
New RBA figures place the ratio of household debt to disposable income at 193.7 per cent at the end of June 2017, increasing by 2 per cent over the quarter and 3.9 per cent over the year to a new record high.
CoreLogic research analyst Cameron Kusher said that the majority of this debt is related to housing, with the ratio of housing debt to disposable income being at 136.4 per cent, rising by 1.4 per cent over the quarter and 3.9 per cent over the year.
“Clearly, household and housing debt has increased over time relative to disposable incomes. Of note is that, since the financial crisis, the rate of escalation has slowed,” Mr Kusher said.
Out of that 136.4 per cent, only 33.2 per cent is held by investors, indicating that investors are playing their cards right when it comes to dealing with debt, while the other 103.2 per cent is held by owner-occupiers.