Household finances – selected ratios [E2]

E2 HOUSEHOLD FINANCES – SELECTED RATIOS

Data on household assets and liabilities are not seasonally adjusted; data on household income and interest payments are seasonally adjusted

Household debt is sourced from ABS Cat No 5232.0. Debt includes debt owed by unincorporated enterprises.

Housing debt is sourced from ABS Cat No 5232.0. Debt includes debt owed by unincorporated enterprises.

Owner-occupier housing debt is calculated by the RBA and excludes debt owed by unincorporated enterprises. These data are adjusted for the effects of breaks in the series.

Household assets refers to the total of residential land and dwellings, consumer durables and financial assets as reported in Statistical Table E1.

Housing assets refers to the total of residential land and dwellings. Data are sourced from ABS Cat No 5232.0.

Household financial assets is sourced from ABS Cat No 5232.0.

Assets, debt, and net worth are reported as stocks at the end of the quarter.

Household interest payments to disposable income is the ratio of interest payments on housing and other personal debt to quarterly household disposable income. Data exclude unincorporated enterprises. From 1993, these data are calculated by the RBA using average interest rates on outstanding housing and other personal debt. Interest payments prior to 1993 are sourced from unpublished ABS data.

For the purpose of calculating the debt to disposable income ratios (except for owner-occupier debt to disposable income ratio) and assets to disposable income ratios, disposable income includes gross mixed income earned by unincorporated enterprises and is measured before the deduction of interest payments. Data on disposable income are seasonally adjusted and are sourced from ABS Cat No 5206.0. Data are reported in annual terms.

For the purpose of calculating the owner-occupier debt to disposable income ratio, disposable income excludes gross mixed income earned by unincorporated enterprises and is measured before the deduction of interest payments. Data on disposable income are seasonally adjusted and are sourced from ABS Cat No 5206.0. Data are reported in annual terms.

For the purpose of calculating the interest payments to disposable income ratios, disposable income excludes gross mixed income earned by unincorporated enterprises and is measured before the deduction of interest payments on dwellings and consumer debt. Data on disposable income are seasonally adjusted and are sourced from ABS Cat No 5206.0.

From the September quarter 2019, interest payments are calculated using a weighted average of interest rates on outstanding household debt from the Economic and Financial Statistics (EFS) collection. For more information, see Updates to Australia's Financial Aggregates <https://www.rba.gov.au/publications/bulletin/2019/mar/updates-to-australias-financial-aggregates.html> and the July 2019 Financial Aggregates <https://www.rba.gov.au/statistics/frequency/fin-agg/2019/fin-agg-0719.html>.

In February 2023, the following series was removed: - Housing interest payments to income Alternative series are published in Table E13. Historical interest payments data are available from ABS Cat No 5206.0, Table 20 (Property income payable - Interest - Dwellings).