March 2018 - Bongiorno Financial Update

What's in this issue?

• Household debt levels in Australia are high compared to other countries and still rising.
• The rise is not as bad as it looks because its been matched by rising wealth and debt servicing problems are low. However, this could change as interest rates rise and if home prices fall sharply.
• The trigger for major problems remains hard to see but its worth keeping an eye on. High debt levels will mean the RBA won’t need to raise rates as much as in the past to control any inflation problem that may arise.

We hope you enjoy this issue.

Kind regards,
ANTOINETTE BONGIORNO
LL.B. B.Com. CFP DipFP A.S.A.

Level 2
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Melbourne VIC 3004
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fax) 03 9820 2518

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