Record debt burden raises stakes ahead of RBA meeting
!["A hard landing in our housing market would have a quite devastating effect on our economy," says Scott Morrison](http://web.archive.org./web/20170703084316/http://www.afr.com/content/dam/images/g/w/h/z/g/m/image.related.afrIndexLead.320x210.gx3nra.png/1499070870545.jpg)
The average debt of every household has soared to almost twice annual incomes and rising, according to data that increases pressure on the Reserve Bank of Australia and bank regulators to avoid a property market disaster.