Banks shouldn't underestimate the risk of concentration in the housing market
- Written by Harry Scheule, Associate Professor, Finance, UTS Business School, University of Technology Sydney
The view of Australian banks on the risk that mortgage stress poses to our economy and the banks’ own viability is worrying. Shayne Elliott, CEO of ANZ Bank commented in this week’s Four Corners report:
The reality is that housing loans are pretty good because they’re quite diverse in terms of lots of relatively small loans across...
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