real estate volumes collapse... , page-35

Kingy,

Check the RBAs latest financial stability report for 90+ arrears. These are up with the post 90s recession levels... which tells us something regarding peoples debt levels given that IR rates today are substantially lower than then.


From speaking to ppl involved in recovery & hardship assistance 90+ is severe and basically past the point of return. Granted the arrears level has dropped a touch short term but given a longer time view the picture isn't perfect.