It helps to reduce the housing loan required for the purchase of the flat.

The median housing loan repayment of $2,050 per month was higher than average but so too was the median household income of $1,581 per week.

The median household income of $1327 per week was above the national average as were the median housing loan repayments of $1733 per month.

The median family income of $1350 per week was higher than the national average as was the median housing loan repayment of $1408 per month.

The bank took another 200 million provision for mis-selling payment protection insurance and had to write down 935 million on the way it valued a book of social housing loans.