Fair enough, I'm not sure where the original quote comes from but I am a fan of "roughly right rather than precisely wrong" or something along those lines.
I think $100,000 per unit is a bit optimistic.
Hundreds of millions sounds like a lot? Some rough numbers: - 200 school days per year - $5 per lunch - $1000 per student per year - $100m would buy lunches for 100,000 students Are there hundreds of thousands of school kids getting a $5 lunch everyday? Or...
I think you misunderstand how to measure an LVR. If it is 60% you need 40% deposit. Increasing it to 80% means you only need 20% deposit, while making it 180% means that you can borrow the full value of the property and get an extra 80% on top to do what ...
I alsoh the reference to this being the same as post GFC and CHC earthquake but I actually don't remember what the equivalent package was then. If anybody does remember I would be I interested in the details.
I'm interested in the answer to this question as well.
I'm sure that pharmac don't use $10,000 as the economic value of a life in their modelling. I'm guessing that the number they use is $10,000,000 and it has been misread or misunderstood somewhere along the way.