Was chatting with a friend of mine as she was having difficulties getting a loan for a purchase that she made last year, a two bedder in Brunswick. She's paid the 10% deposit but the rest need to come from a loan, that's like half a million. I am just surprised that you don't actually need to have a loan secured before you could purchase the apartment? At least in my home country, you need to have a loan secured before they could let you progress with the purchase. It just made me thinking how risky it is for these buyers, say if any of them cannot secure a loan (due to different environment two, three years after they purchased) and they would have to forfeit their deposit?