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Mission Statement
Australian Debt Clock.com.au is dedicated to informing the Australian Public of our dependence on rising debt levels thanks to the aspirations of national economic growth and prosperity.
Here in Australia we are extremely fortunate to have such a low population relative to our land size, to be so rich in natural resources and to have one the highest standards of living per person in the world.
However, Australia’s prosperity has, by and large, been achieved via rising debt levels in our markets.
Australian housing is the major market of concern. This is where the vast majority of our debt exists, the growth in national mortgage debt driving up median house prices.
The Great Australian Dream of home ownership has become the Great Australian Nightmare of a debt bubble.
It is our mission to inform the public of the possibility of an Australian financial crisis. Due to the recent Global Financial Crisis (GFC), this is critical information that must not be overlooked.