The level of household debts in Australia is among those that may be unsustainable according to the global leverage report of McKinsey Global Institute, as discussed in Business Insider Australia. According to the institute’s report, patterns of urbanisation can contribute to the levels of household debts. Countries that have a single megacity, or a few huge urban clusters instead of several large cities, possess higher prices for real estate in the megacity which translates to higher household debt levels.
http://www.biz1online.com.au/australia-personal-finance-presents-vulnerable-household-debt-levels
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