Property- Boom or Bust? Bank stocks suffered significant losses yesterday with the major four down between 2.8% to 3.9%. The financial sector has been one of the worst performing sectors this year as fear of a property market crash and bank regulation and scandals plague share prices. ATM does not hold any of the major four banks and are significantly underweight the sector as a whole. We have been deterred from investing in the banking goliaths for the very reason they are now selling off. An article published in the AFR yesterday claimed that London based research firm Variant Perception as labelled the Australian property the biggest housing bubble of all time. The negative sentiment quickly spread to the sharemarket and banks, a direct recipient of the health of the housing market quickly fell. Predatory leading and falsifying of loan documentations to secure mortgages from the banks has bought to light the quality of the mortgages made by the banks. Investors are concerned that many new buyers may...