if i was allowed to own one stock only..., page-5

I hold ANZ and WBC bought both on the last big dip at around 20.70 for both. Tend to prefer ANZ for their Asia strategy.

I can't personally see property prices falling to a level where banks would be heavily exposed.

As long as the debt is being serviced the banks are unlikely to force the issue in a small or moderately devalued property market.

I tend to feel that the Australian economy is travelling fairly well all things considered, as an example your unemployeement rate is the envy of the majority of the western world.

We have an interesting situation in New Zealand at the moment where a number of dairy farms have devalued significantly to the point where banks are now carrying loans on properties whose realisable value is lower than the mortgage amount.

By in large the banks are being very patient and taking a long term view.

Anyway lets get Cam's opinion, I am always interested to hear his view.

All the best MM

PS. Sorry for being off thread.