Interest repayments plunge
The household debt to disposable income ticked back up to 1.84x in the June 2021 quarter.
Still well below previous highs (and far more so when accounting for the stunning growth in offset balances and deposits over the past decade).
The household interest payments to income measure fell to just a tick under 5.6 per cent, which is the lowest ratio for over 40 years.
Decent evidence that the housing market cycle might peak around 2026, as posited by Phillip J Anderson, and Catherine Cashmore.
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International travel finally looks set to ramp up again from November, according to today's announcements.
