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What do you think will happen to credit if Melb & syd drops...

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lispingduck

7,180 Posts.

13/11/17

18:39

Post #: 28749269
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Originally posted by rona142 ↑

I don't think you can draw any meaningful conclusions in relation to the availability of credit currently in Perth and the 20-25% drop in market prices. It is not a normal market situation. With the exception of Perth and regional QLD the Australian economy has been powering along with our banks making record profits. The bank with the largest exposure to Perth/WA as a % of their book is a 100% owned subsidiary of Australia's largest bank and thus has rode out the storm.

If Sydney and Melbourne drop 20-25% then you'll see what happens to credit.

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What do you think will happen to credit if Melb & syd drops 20-25%.

"It is not a normal market situation"

What is a "normal" market situation? And why dont you think it is a "normal" market?
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