Well I Just had a visit at my office from Westpac Banking Manager today... Very upbeat, informing me there are plenty of funds available for investment lending (Property & Other ) with, suposedly their most conservative-prudent valuation's, aproach and LVR's of 80%...wow
Her face changed a little when I asked about foreclosures, & that we had just completed our 3 rd rental (of the 2005-07 vintage) this tax season (sold in Yr 2010/11) with Capital Losses attached...
The meeting ended a little abruptly when she asked if practiioners (only the females) would/could attend a Ruby club regular meeting/function put on to;- "expouse the benefits of property investment" to others, assuming all in the audience to be women, also.
Besides being sexist, in my memory, I cant remember a Trading Bank coming at Spruiking Geting down & dirty wirh Debt.... ........... tells me its geting close, very very close, to an implode... somethings gota give, Ill give it 3-6months IMHO...of course
