Mortgage debt ratio hits equal all-time high as Australian house values continue to fall

ABS data shows real estate losses drove a decline in household wealth per person

Plummeting house prices meant Australians' mortgage debt continued to grow faster than the value of real estate assets during the March quarter.

But Thursday's data from the Australian Bureau of Statistics revealed a fifth consecutive quarter of residential real estate losses, which was the main factor behind a decline in household wealth per person by $1,500 to $404,566.