RBA's Ellis: Pockets of potential mortgage stress in otherwise benign debt picture

Luci Ellis, Assistant Governor (Economic) for the RBA, in a speech to a Plenary Panel at the Australasian Housing Researchers Conference in Melbourne, notes that the Central Bank must be aware of pockets of potential mortgage stress in an otherwise benign debt picture.

Headlines - via Reuters

Says most domestic mortgage debt held by those most able to service it

Need to be aware of pockets of potential mortgage stress in otherwise benign debt picture

Australia home ownership rates neither high nor low by international standards

Housing policy should focus more on security of tenure, than ownership status

Housing situation more complex than suggested by single-minded focus on median prices