Which of the banks were they?
Was it for the purchase of a residential property? If so, 30% deposit is a huge ratio, usually only required for commercial property.
If this was the case, it clearly shows the bank's outlook on the direction and future of Australian property prices - providing a large buffer and protection to them from the plummeting house prices being experienced around the country.
I get the feeling the banks now they wished they were so prudent 18 months ago.
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