- Joined
- 6 January 2009
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- 1,130
Benefit to who?
Not the discussion.
You need to reread his posts carefully, take your time, they are clear and concise and 100% on topic about the economics at play.
Benefit to who?Now that he's added to the block list, it is apparent that he clearly does not understand that if I spend one post to save more than one of his, there's a net benefit.
Now that he's added to the block list, it is apparent that he clearly does not understand that if I spend one post to save more than one of his, there's a net benefit.
He is either deliberately misinterpreting what I'm saying, or literally cannot understand the concept of net rather than gross difference.
Completely missing the point that the restrictions are a cause of the low death rate not the reverse.So we locked down a country and Victoria, for what exactly, 0.01% of the deaths are Covid related.
Low death with Covid-19 or low death from covid19.Completely missing the point that the restrictions are a cause of the low death rate not the reverse.
that's very interesting data, could it be that this covid created economic assault is actually targetting the fake jobs in our society, all these no adding values in PR etc most job which can be iether culled altogether or just sent offshore as they are easily "remotable"It appears that workers in traditional white collar jobs are facing the toughest challenge when it comes to resuming their home loan payments.
According to Westpac, 27 per cent of these deferred mortgages – worth just over $5 billion – are held by people working in professional services, including the legal, information technology, business administration and consulting industries. A further 11 per cent of its deferred home loans – worth just over $2 billion – are mortgages taken out by people who work in finance and insurance. The communication sector has also been hard-hit by the pandemic, with people working in this industry accounting for 9 per cent of Westpac's deferred home loans – worth around $1.7 billion.
In contrast, borrowers working in what Westpac classifies as "high-risk industries" – retail trade, accommodation, cafes and restaurants, transport and storage, culture and recreational services – together account for 19 per cent of the deferred mortgages.
Westpac's deferred mortgages – many of which have been taken out by dual-income professional couples – also tend to be larger in size.
According to Westpac's figures, 18 per cent of its deferred mortgages consist of home loans in excess of $1 million, while 11 per cent are for home loans between $750,000 and $1 million. In contrast, only 23 per cent of Westpac's overall home loan book consists of mortgages larger than $750,000.
As of October 19, the average size of deferred mortgages was $401,000, which is significantly higher than the $275,000 average loan size across Westpac's mortgage book.
Westpac's well-heeled customers hit by COVID-19
Westpac's full-year profit result highlights the unexpected demographic that is now struggling to resume home loan payments.www.afr.com
Sounds like the house price bubble, might start and deflate very soon.It appears that workers in traditional white collar jobs are facing the toughest challenge when it comes to resuming their home loan payments.
According to Westpac, 27 per cent of these deferred mortgages – worth just over $5 billion – are held by people working in professional services, including the legal, information technology, business administration and consulting industries. A further 11 per cent of its deferred home loans – worth just over $2 billion – are mortgages taken out by people who work in finance and insurance. The communication sector has also been hard-hit by the pandemic, with people working in this industry accounting for 9 per cent of Westpac's deferred home loans – worth around $1.7 billion.
In contrast, borrowers working in what Westpac classifies as "high-risk industries" – retail trade, accommodation, cafes and restaurants, transport and storage, culture and recreational services – together account for 19 per cent of the deferred mortgages.
Westpac's deferred mortgages – many of which have been taken out by dual-income professional couples – also tend to be larger in size.
According to Westpac's figures, 18 per cent of its deferred mortgages consist of home loans in excess of $1 million, while 11 per cent are for home loans between $750,000 and $1 million. In contrast, only 23 per cent of Westpac's overall home loan book consists of mortgages larger than $750,000.
As of October 19, the average size of deferred mortgages was $401,000, which is significantly higher than the $275,000 average loan size across Westpac's mortgage book.
Westpac's well-heeled customers hit by COVID-19
Westpac's full-year profit result highlights the unexpected demographic that is now struggling to resume home loan payments.www.afr.com
We on the forum thought this may well happen, in W.A we are very fortunate in regard the lockdown period being very short, the malls only suffered for a relatively short period.
and not forgetting that's less than the amount lost by the savers and retirees who will reduce their expenses even furtherAlso, lol, $23 a month, that'll fix things!
The forgotten ones lol, save all your life not to be a burden and one year ago you were going to get boned by the opposition, instead you get boned by a virus induced income collapse.and not forgetting that's less than the amount lost by the savers and retirees who will reduce their expenses even further
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