More Margin Calls

Margin calls on the rise in Sydney for CIP.
Owners are being asked for extra security without any regard for previous payment record as banks write of billions in losses from repos.
Hard to see prices increasing while this happens.
 
it's really weird, I thought our comm devy site here in Perth woul dhave been absolutely hammered but the val last week was actually quite positive. Sentiment has also swung and it's all looking good again.

foreign lenders are reportedly starting to flood the market with finance offers and I really hope over the next 12 motnhs that the big 4 get their butts kicked for being such stupid oafs.
 
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