http://www.smh.com.au/business/banking-and-finance/27-billion-wiped-off-banks-20150807-giu7sz.html The Australian sharemarket suffered its worst day in three years on Friday as the spectre of rising bad loans and capital raisings to satisfy nervous regulators saw investors wipe $27 billion off the value of the big four banks over the past two days. Shares in ANZ Bank slumped the most, plunging by as much as 8.5 per cent in early trade on Friday as the bank emerged from a trading halt after raising $2.5 billion from institutions on Thursday. The sell-off in bank stocks drove a broader dive in the ASX 200, which tumbled 2.4 per cent, and came as investors fretted about ANZ's trading update on Thursday which revealed higher provisions for bad debts on loans to the resources and agriculture sectors. Read more here .... ==================================================== It seems with the rise in unemployment and revision downwards of GDP growth and banks raising capital for their books, the ASX is taking a beating. Will this start to have downstream effects on the property market over next few months?