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Token Funder, i cant remember the source, but very recent data from somewhere (cant be more helpful on the source but it was reputable) is now showing a trend downwards again (its data is post Sept 08) so it was compiled after the 3rd qtr report you are quoting. However also mentions that the...

Australia’s non-conforming delinquency levels are expected to remain high in the near term as sluggish property market conditions persist and non-conforming borrowers face a high level of mortgage stress compared to prime borrowers according to Moody’s Investors Service. In Q3 2008, average...

sorry may i have more detail. You 'run' a mortgage business, so do you own a mortgage brokerage service, or do you work or head up a section of a financial institution (no need to give names) and if so does the division specialise in residential mortgages, or is it across the spectrum.

mmm interesting Token Funder, may i ask what is your job.

the ability to pass on lower interest rates to consumers is very important. In simple terms consider what is the quantitative total interest reductions to date to the average consumer: Ball park averages (and please dont nit grit this figure, its only to make a point) 3% reduction x $300,000...

yeah yeah buddy, just like your fantastic statistical deductions from this article: http://www.somersoft.com/forums/showpost.php?p=489687&postcount=11 Oooh yeah and 73% of GDP is supported by consumers using borrowed money. Dam you are good, so what proportion of consumer spending is...

Dont get me wrong, im in the stock market, just not the resources/oil sector. I only started seriously entering the australian market in 2008, and whilst i am sitting on some quite uncomfortable paper losses i am very happy with the prices paid to buy into these companies. I also invested...

just went through Sphinx's previous posts. I think one reason for some pretty aggressive and hard core D&G's out there that are pretty P.O'ed at the moment is because they have been preaching holding gold, silver and commodity/oil stocks. Gold & silver has been pretty constant over the last...

Anway we can come back after the Jun09 GDP results are out to compare numbers:D

So many doom & gloom articles and media reports about Australia, i thought i would post something on a more positive note. Firstly let me say that i dont believe that conditions will anything like the level of confidence and prosperity that Australia saw over 2006 & 2007. My argument is...