![The ratio of debt to disposable incomes is far higher among those with mortgages.](/web/20170409144451im_/http://www.theage.com.au/content/dam/images/1/m/d/i/c/l/image.related.landscape.460x307.gvfwel.png/1491655013402.jpg)
Why we need to worry about the level of household debt
The balance sheets of Australian households with a mortgage are dangerously exposed to any fall in house prices.
Elizabeth Knight comments on companies, markets and the economy.
The balance sheets of Australian households with a mortgage are dangerously exposed to any fall in house prices.
As residents and businesses clean up from the ravages of Cyclone Debbie, a second round of damage is hitting. Now insurers' shareholders and policyholders are feeling Debbie's blast.
Only the government has a weapon large enough to stop the housing juggernaut.
Australia's largest banks versus Apple; there's no contest.
APRA is caught between a rock and a hard place in its attempts to reduce lending risk in the residential property market.
TPG may now wait until after Fairfax completes the spin-off of digital real estate group, Domain which is scheduled to be completed before the end of the calendar year, before it makes any takeover move.
It appears almost a fait accompli that Fairfax Media is now in play. How the giant private equity group TPG, which has reportedly acquired just under 5 per cent of the company's shares, runs the process or deals with the assets is yet unclear.
Billionaire retailer Solomon Lew has a plan for department store group Myer but it's one that is not likely to involve making a takeover bid anytime soon - he just needs a stake to ensure someone else can't buy the company.
What started last week as a trickle in Australia looks like turning into a mini avalanche.
The executive responsible for managing $34 billion of investments in Westpac's wealth management business, Martyn Wild, left the company abruptly on Friday following a series of allegations about inappropriate behaviour towards two female staff.
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