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No worries. I think it's pretty clear that there's a sizeable proportion of mortgage holders who are able to increase repayments are live within their means, and are doing so now. The other debat I'm sure is alive and well in another thread.:)

It suggests that most households are able to pay down their mortgage debt, which is why I said "better for those households in severe housing stress of course". Who's overstating the "picture of the stressed household P&L"? And who's saying that stretched households aren't cutting their...

:confused: I agree, it's the smart thing to do for householders. Unfortunately it'll mean a recession for us. Is that what you're joking about? I assume you're being sarcastic in some way - are you agreeing with Westpac that interest rate cuts aren't being effective, or laughing at the OP's...

The tricky thing about the IR cuts to date has been that it seems a big proportion of mortgage holders haven't cut their repayments in response, and are instead paying down their debts. Great for them and their balance sheets, and better for those households in severe housing stress of course...