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Tokie, I didn't say I thought you were 'making up' anything... that's just another red herring you've thrown in to disrupt the discussion, derail the thread, and start an unnecessary argument. I said I thought you were wrong, because your claim does not match the RBA data. I expect the RBA data...

Hi Sheryn, No... that document is referring to non-conforming loans. Non-conforming loans represent less than 1% of the total Australian loan market. Refer to RBA chart below - we can expect arrears on non-conforming loans to be high, they are the Australian equivalent of US sub-prime loans...

Stop baiting and trolling please. :) OK, so you're saying the RBA and banks are simply lying, but Moodys is telling the truth based on a link you can't find. Okay... So they're not in arrears then, they can handle the refinanced loan and there is no immediate danger of foreclosure...

TF, me old dad, I doubt they're more reliable than the RBA. I think you're wrong, and since you can't even provide a link... If the borrower is far enough below his loan limit to allow interest capitalisation, then he's not in arrears, is he. He is already ahead in his repayments. :rolleyes...

The chart below shows delinquency rates >30 days as being well under 1%. This chart only goes up to end of 2007 so I would be very interested to see your latest data showing the recent jump to 1.47%. Here is some more recent data from the RBA... Cheers, Shadow.

Why is 50% the 'normal' level? Is the 'normal' population of the world 3 million? It used to be. Is the 'normal' cost of a loaf of bread 5 pence. It used to be. Is the 'normal' human life expectancy 30 years. It used to be. What is considered 'normal' changes with time. Times have changed...