Borrowing against the home increases

Australian households are borrowing more against the equity in their homes but levels were not unsustainable, according to Australia's central bank.

Monday, January 19th 2004, 6:28PM

by The Landlord

The Reserve Bank of Australia said this was because rising house prices were creating more equity.

Banks in New Zealand have said a similar situation exists here.

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Borrowing against the home increases

Australian households are borrowing more against the equity in their homes but levels were not unsustainable, according to Australia's central bank.

Monday, January 19th 2004, 6:28PM

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