Most households unlikely to significantly increase borrowing capacityExpense-verification processes will still affect access to creditMay provide some short term relief but minimal long term impact on debt serviceability for most borrowers.
It's less likely to affect arrears performance, which is more sensitive to debt serviceability pressuresPolicy certainty likely to stabilise property market sentiment and vendor confidence in the short term It's less likely to affect arrears performance, which is more sensitive to debt serviceability pressuresMs Kitson said there were a number of interesting differences with the previous peak of prime loan arrears in March 2012, with current conditions worse in many areas.
"What was different and where things got worse were household debt was much higher, underemployment [people in work, but looking for more] was also higher and wage growth was lower," Ms Kitson said.
They still manage to borrow for their Bali holidays.......Australia's basic wage is the highest in the world.
...ScottMorrisonMP - 'so strong, so very strong'... 😳😳😳😳
Auspol