Nothing like a 45% loss in the morning

According to the following report in The West Australian some parts of WA have experienced losses in price value of 45% in twelve months.  I have warned people but they continue to "think positive" right up until the bank repossesses their property.  Banks are now reticent to lend with buffers and stress tests of 7.4 per cent.  It seems to me that banks are taking into account the real possibility of a rate rise even if most of the populace are not.

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