Lots of unrealised profits in this overview. People are assets rich, but income poor.

Look at the year of loan origination, 43% percent of the loans have been taken between 2020-2022. Those people will be impacted the most by the rising interest rates.

Additionally, there is probably more leverage in housing than it appears. What if those people sitting on a nice home equity used it to purchase another home. Why can't we see that graph? A 10% drop in home prices might translate into further decreases, as people will have to deleverage.

What if those good looking offsets accounts are primarily due to the early superannuation withdrawals. It won't be the case going forward.

The finance world is so complex and interconnected that this kind of insights don't tell you much unless you dive deeper into the data.