Street talk, if you are knee deep (some are waist deep) in properties, you clearly haven't woken up.
Intertesingly, Makattack is in fact more concerned about the loans to owner-occupiers. He says....These are the highest risk borrowers as they often have no other equity and are forced to sell when they fall on hard times.
Well, if you are so unhappy about the alck of substance (i.e. an EXPLOSIVE 42% of loans are loaned to speculators), then you should complain to Westpac about their lack of substance in these numbers.
Yawning it seems won't be the only thing brings tears to people's eyes.
