True in all markets there are some people that make money and some that lose.
We will see with the property market that the ones that will lose will be the ones that are the most heavily geared.
If some property regions rise in value but the average property in Oz falls 20% that means there are quite a few that would have fallen more than 20%.
You can almost bet on who are the holders of those properties would be - (hint - they bought last year and thought they would be making easy money because all their friends seemed to be) .
These people will be the ones that lose the banks the most money.
Risk assessment has all but been ignored by the banks in their obsession with driving home lending growth. The banks know this and they don't know what to do about it now.
9/11, page-16
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Last
$38.46 |
Change
0.510(1.34%) |
Mkt cap ! $118.4B | |||
| Open | High | Low | Value | Volume |
| $38.29 | $38.61 | $38.21 | $137.3M | 3.569M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1964 | $42.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.77 | 532 | 1 |
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