Is household debt the real reason people are concerned about a crash in the Property Market? Unless you’ve been living under a rock over the last few years, you’re probably aware that real estate in Melbourne and Sydney has been experiencing a surge in growth. There are many who believe that keeping up with this surge in prices is a catalyst for a housing crash in Australia because of high household debt levels, and perceived poor lending practices. Much of the recent gains in house prices in these areas have been attributed to the RBA’s use of the cash rate …

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