Australia



Australia: Statistical Data At-A-Glance
IndicatorDataYearSource
Total population23.47 million2014WDI
Urban population (% of total)89.29% of total2014WDI
GDP, current prices (U.S. dollars)1,223,887 USD (millions)2015WEO
GDP based on PPP per capita GDP (Current international dollar)47,389.14 USD 2015WEO
Inflation, end of period consumer prices (Percent change)1.69%2015WEO
Average bank deposit rate2.3%2015IFS
Lending rate5.58%2015IFS
Owner-occupied units67% of total2011ABS Census
Total amount of home mortgage loans outstanding at the end of year in millions of USD:1,115,437.24 USD (millions)2014Australian Bureau of Statistics
Total amount of home mortgage loans outstanding at the end of year as % of GDP (current)76.46%2014ABS and WEO
Typical LTV at origination802013Westpac
Typical pmt-to-income ratio (HH income)35%2009RBA and Inquiry into home lending practices
Retail funding (deposits/other)primary2014MFAA
Funding through mortgage bonds tertiary2013
Funding through securitization of mortgagessecondary2013RBA
Typical number of days needed for the transfer of title52014WDI

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Reserve Bank of Australia (RBA)
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The Reserve Bank of Australia (RBA) is Australia's central bank and derives its functions and powers from the Reserve Bank Act 1959. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people.