The IMF mission chief James Daniel says "My first impression from 30,000 feet is that house prices have gone up a lot in Australia, so that will be a big part of the discussion. Even if you were to take the view that house prices are frothy or overvalued, what is the policy response?" The AFR reports that the household debt-to-income ratio has risen to an all-time high of 153.8%, making Australians among the most leveraged people in the world, behind only Denmark, the Netherlands, Ireland and Switzerland, according to the most recent figures from the OECD.