31 Jan 2013

Household borrowing at a four year high in 2012

7:40 pm on 31 January 2013

Reserve Bank figures show household borrowing grew 3.6% in 2012, a four year high.

Loans rose 0.4% to $191 billion in December compared with the previous month.

On an annual basis, housing-related loans hit a three year high, rising 3.7%, while consumer borrowing rose 2.6%.