The banks have gone from safe haven to who wants to know them. They must be hurting.
I'm very cynical of banks' motivations in latest announ at the retail level. ANZ will now only do 90% home loans. CBA back to 95%. I'm convinced this is a factor of the 1st home grant being obscenely generous and the banks have said 'thanks we will have some of that'
Its also a factor of the huge volumes of applicants that are heading to the 4 majors. They raised the hurdles to borrowing because they can! and it will make no difference to them.They now do 90% of retail lending! We are going back to the 80's!
ANZ are now out to 12 days to look at a lending deal.
WBC is 5 days.
These are the same banks that St Kevin gave a free kick to by guaranteeing deposits!
Good or bad, if you knock out high ratio loans then it must make some level of difference to real estate demand.
Is there any sector that is a safe haven atm? WOW down 5.5% as I type. I thought groceries and grog were recession proof?
hold SGB
The banks have gone from safe haven to who wants to know them....
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Last
$27.90 |
Change
0.270(0.98%) |
Mkt cap ! $96.71B | |||
| Open | High | Low | Value | Volume |
| $27.75 | $27.99 | $27.72 | $120.4M | 4.318M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5892 | $27.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.92 | 21812 | 7 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WBC (ASX) Chart |