WBC - Westpac

[huxley]

A collapse of 30-50% would be massive..

[percy]

A collapse of 30-50% would be massive..

Last time they had a huge drop was in 1990/91.
Can't remember whether they fell 30% or 50%.Australian Commercial property market caught them out.
This time it will be different,........................it will be Australian Residential property.!!..lol.
Prospects of being taken over by Kerry Packer focussed the boards' attention.!

[huxley]

This time it will be different,........................it will be Australian Residential property.!!..lol.



Lol indeed

[winner69]

A collapse of 30-50% would be massive..

Fell by nearly 50% in 2007/08 and nearly 30% in in early 2015

That's not long ago eh ..... and such falls have happened

But no worries - this time it's different they say


https://au.finance.yahoo.com/q/bc?s=...=on&z=l&q=l&c=

[huxley]

Fell by nearly 50% in 2007/08 and nearly 30% in in early 2015

That's not long ago eh ..... and such falls have happened

But no worries - this time it's different they say


https://au.finance.yahoo.com/q/bc?s=...=on&z=l&q=l&c=

A thought crossed his mind: How do you make poor people feel wealthy when wages are stagnant? You give them cheap loans.

[winner69]

A thought crossed his mind: How do you make poor people feel wealthy when wages are stagnant? You give them cheap loans.

A thought crossed my mind Huxley - if this time it's not different the whole market might fall 30%-50%

[huxley]

A thought crossed my mind Huxley - if this time it's not different the whole market might fall 30%-50%

Don't worry, I'll mention the super secret code word when it's time to sell everything