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RBA Household Finances · June quarter 2026 · free to cite with attribution
As at the June quarter 2026, Australian households owed 178.4% of their annual disposable income, of which 134.9% is housing debt. Below is the full household balance sheet, debt against assets and how leverage has shifted over the past 11 years.
178.4%
household debt to income · June quarter 2026
134.9%
housing (mortgage) debt to income
16.1%
household debt to assets
1,106.0%
household assets vs income
Year-end household debt as a share of annual disposable income. It peaked at 187.5% in June quarter 2018 and sits at 178.4% in June quarter 2026.
2015
174.1%
2016
181.0%
2017
186.3%
2018
187.1%
2019
185.7%
2020
179.8%
2021
184.5%
2022
183.6%
2023
180.9%
2024
178.1%
2025
176.4%
2026(Jun)
178.4%
In plain terms: for every $1 of annual after-tax income, Australian households owed $1.74 in 2015 and $1.78 in 2026 — the ratio has risen over 11 years. That is 9.1 percentage points below the 2018 peak, so households carry less debt per dollar of income than they did then — though the ratio stays high by both historical and international standards.
Every ratio the RBA tracks in table E2, in plain English. Debt ratios first, then household wealth.
| Measure | Latest | What it means |
|---|---|---|
| Household debt to incomeAll household debt as a share of annual disposable income. | 178.4% | All household debt as a share of annual disposable income. |
| Housing debt to incomeHousing (mortgage) debt as a share of annual disposable income. | 134.9% | Housing (mortgage) debt as a share of annual disposable income. |
| Owner-occupier housing debt to incomeOwner-occupier mortgage debt as a share of disposable income. | 99.7% | Owner-occupier mortgage debt as a share of disposable income. |
| Household debt to assetsHousehold debt as a share of total household assets. | 16.1% | Household debt as a share of total household assets. |
| Housing debt to housing assetsHousing debt as a share of the value of housing assets. | 21.9% | Housing debt as a share of the value of housing assets. |
| Household assets to incomeTotal household assets relative to annual disposable income. | 1,106.0% | Total household assets relative to annual disposable income. |
| Housing assets to incomeHousing assets relative to annual disposable income. | 617.2% | Housing assets relative to annual disposable income. |
| Household financial assets to incomeFinancial assets (super, shares, deposits) relative to income. | 459.0% | Financial assets (super, shares, deposits) relative to income. |
Figures are from the Reserve Bank of Australia’s statistical table E2 Household Finances – Selected Ratios (June quarter 2026), which the RBA compiles from ABS data. Ratios are expressed as a percentage of annualised household disposable income (or of assets, where noted). “Debt to income” above 100% means households owe more than a year’s disposable income. On its own that isn’t a sign of distress. Figures are indicative and not financial advice.
You’re welcome to reference these figures with a link and attribution to the RBA (Source: Reserve Bank of Australia; see the RBA’s copyright terms for its statistical data). Suggested citation: “Australian household debt statistics, Oz Finance Hub, ozfinancehub.com.au/australian-household-debt”.
For how pay is keeping up, see Australian wage growth statistics. There’s also average income by postcode, a way to compare your MySuper fund and the housing and mortgage calculators for working out what you can borrow.