As long as the banks don't start making margin calls on home loans, things should be ok. If they do, considering many Australian consumers are stupid enough to spend equity, then there could be a roller coaster ride coming up.
I don't think banks will though, they'll tolerate negative LVR's to avoid this happening like what happened in Detroit.
That could however flatten out house prices for quite some time. Flat house prices in itself can cause issues though.
why has westpac tanked?, page-20
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WBC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$32.01 |
Change
-0.090(0.28%) |
Mkt cap ! $110.0B | |||
| Open | High | Low | Value | Volume |
| $31.71 | $32.01 | $31.48 | $113.7M | 3.573M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15796 | $31.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.03 | 3000 | 2 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| WBC (ASX) Chart |