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Boz, I'm assuming that the Punters running for the hills will be the ones with too much leverage so they can't afford to hold. Therefore, their selling actually does improve the banks balance sheets as the amount of lend per asset they have a claim over is reduced, and the banks LVR is...

If that's the message that mainstream media are running then that's great! One thing is certain out of the current financial market meltdown, and that is that credit is going to be harder to come by as banks themselves de-leverage. They are going to have to embark on some serious capital...

0%, what a joke. My props are yield 4.5% - 5.0% today, so anything less than that and they're CF+ at 100% LVR. If it drops to less than 5% at the big banks then I'm off on a shopping spree! :D Cheers, Michael