Westpac's Delusional Home Mortgage Policy!
12th May 2020: Property Prices-LVR Crash Equals WBC Balance Sheet Disaster In 2020.
Westpac's Mortgage LVR's Of 95%, 90%, 85% Were Suicidal: For Bank & Customers, Both Over-Loaded With Debt.
Today's ASX Ann Going Back To 80% LVR Is A "Big Deal"! Why?
Proves There's $Billions Of Westpac Defaults On The Way, Shredding Balance Sheet Values.
Of More Sense To WBC Shareholders Is 70% LVR For Loans In Tourism-Heavy Areas: FNQ, Cairns, Port Douglas, Palm Cove etc.
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