What a load of crap. Article is trying to grab attention from scare mongering people.
Lets run some quick numbers off that article.
It states a million home owners are at risk of default if rates rise by 0.15%?
Ok, last census 35% of Australians have a mortgage, at a population of 24.13m this equates to 24.13m x 35% = 8.45m of Australians have a mortgage.
If 1 million people, the proportion of people who will default = 1m/8.45m = 11.84%.
This 'analyst' expects 11.84% of Australia home owners to default in the next 12 months. What a load of rubbish. If that happened, the economy would be in a death spiral and Australia would a third world country...
What a load of crap. Article is trying to grab attention from...
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Last
$129.92 |
Change
1.380(1.07%) |
Mkt cap ! $217.4B | |||
| Open | High | Low | Value | Volume |
| $130.17 | $130.30 | $129.30 | $207.5M | 1.598M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6000 | $129.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $129.92 | 1741 | 1 |
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| CBA (ASX) Chart |