Regarding the first of these issues, the most recent cyclical peak in household credit growth occurred around the end of 2003, when it reached an annual rate of over 20 per cent. (rba.gov.au)
However, at some point this transitional process must come to an end, which would require household credit growth to return to something more closely in line with the growth of nominal GDP. (rba.gov.au)
While this guide is only approximate, the current pace of household credit growth in Australia exceeds any reasonable benchmark by a large margin. (rba.gov.au)