For those interested;
I know of a person who borrowed 87% on a 930K 2 bed unit without Mortgage Insurance from NAB in inner city Sydney.
A large number of Meriton Apartments have been financed by NAB in Sydney without the borrower having to pay MI even though above 80%.
ANZ has lent 95% with MI in Sydney, but they have internal MI company. For a couple of years ANZ was the only bank that would lend 95% on investment property and capitalise the MI.
Who knows how long it will take for day of reckoning. If you read about Hong Kong even though negative equity exists over 10% (can't remember where I read this) of investment apartments, low rates have stopped many from defaulting thus far. This is why Standard Chartered & HSBC are still going ok, they have not had to face up to the problems....yet.
Regards,
noip
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Last
$135.95 |
Change
1.050(0.78%) |
Mkt cap ! $227.5B |
Open | High | Low | Value | Volume |
$133.51 | $135.95 | $133.29 | $258.9M | 1.913M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100 | $135.82 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$135.97 | 50 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 135.820 |
1 | 3 | 135.810 |
1 | 23 | 135.770 |
3 | 10377 | 135.500 |
1 | 168 | 135.490 |
Price($) | Vol. | No. |
---|---|---|
135.970 | 50 | 1 |
135.980 | 1172 | 4 |
135.990 | 460 | 3 |
136.000 | 13798 | 44 |
136.010 | 1200 | 2 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
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