"We've seen net household debt fall, we've seen households store up this $250 billion war chest of savings in cash deposits, and we've seen an extra $80 billion to $100 billion put into mortgage offset accounts," she observes."But, of course, that won't be true across all people that have gotten into the market.
"I do think one of the vulnerabilities is, as we look ahead one or two years, as those fixed rate mortgages roll off those individuals will need to refinance at what will be a higher interest rate." The IT professional lived in the US before, during and after the global financial crisis, and says that's made him cautious about managing his debt."I'm not too concerned even if interest rates go up to 5 per cent. Can I pay that? Absolutely.He is one of the majority of households who are either well ahead in their repayments or who have a large balance in their offset accounts, and he intends to use the savings from his sub-2 per cent fixed rate to build up that buffer more.
Denis Barnard says he and his wife might put off doing upgrades on their home to get further ahead on their mortgage.
Slobby from marketing in action once again... Or is that inaction
Morrison will be doing everything he can to keep female dominated industry workers from pay rises now. No increases for aged care, nurses, teachers and early education. He will be talking to his state liberal premiers.
Lots of talk, but they don't actually rise
Suprised they haven't gone up already. I suppose they dont want to be doing that before the elections.
Are households ready for the looming energy crisis? Leftwing policy banning fossil fuel; fracking, exploration, drilling, pipelines, ports and investment in general have crated a massive supply shortfall AND transferred energy wealth to the worlds bad guys (war anyone?)
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