The Banks of these Days have been lending out like Pyramid was doing Years ago, however perhaps somewhat a little different. Like 105% for Investment Properties, Interest Only Repayments Low Doc. Loans. Pyramid had been lending out at higher % s of Valuations than the Banks then along came the Interest Rate Rises and people just could not afford to repay their Pyramid Loans. Investors then just did not advance any more Funds into Pryamid. Presently Australia possibily needs a One % Interest Rate reduction to keep many Businesses and People affloat.
