Righto, but then don't you need to calc IO only out of that? As they are the ones "under the pump" at the moment? As nab, Wbc, Anz, bom have all decreased rates for PI owner occupiers? Correct?
So what's that 955k x 1/4 = 238k households at BEST because 1/4 is (according to smart money) being SOME form of IO. Some form.
Talk about loose.
