We are on the cusp of a full property melt down., page-38

”The stock-standard trigger for the insurance to be applied was historically a loan greater than 80 per cent of the property's value — known as an 80 per cent loan-to-value ratio (LVR).

But since the crackdown on credit, banks have begun lowering this threshold."

There are specific securities the banks will consider more high-risk, so they will apply different policies to those different securities," Mr Merrick said. ”