Australia's household debt to income ratio was unchanged at 1.87x in Q4 2019.
Borrowing rates have fallen to record lows this year, especially for small businesses, but also for housing loans.
Even by late 2019 the ratio of interest payments to income was heading back down to the levels seen in the late 1980s.
More declines to come here in Q1 and Q2 as lending rates have fallen.
