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Household Borrowing Behaviour: Evidence from HILDA


  • Ellis Connolly

    (Reserve Bank of Australia)

  • Daisy McGregor

    (Reserve Bank of Australia)


Over the 1990s and the first half of the 2000s, household debt grew strongly in response to lower nominal interest rates and innovation in the financial system. Since the mid 2000s, the pace of growth in borrowing has slowed significantly. Using household-level data, this article confirms that this slowing has occurred across all age groups. Following the global downturn and the decline in interest rates over 2008/09, there was also a sharp increase in the number of households reporting that they were ahead of schedule in their home loan repayments or paying off their credit card balance each month.

Suggested Citation

  • Ellis Connolly & Daisy McGregor, 2011. "Household Borrowing Behaviour: Evidence from HILDA," RBA Bulletin, Reserve Bank of Australia, pages 9-14, March.
  • Handle: RePEc:rba:rbabul:mar2011-02

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    References listed on IDEAS

    1. Luci Ellis & Jeremy Lawson & Laura Roberts-Thomson, 2003. "Housing Leverage in Australia," RBA Research Discussion Papers rdp2003-09, Reserve Bank of Australia.
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