Moodys Analytics managing director Tony Hughes warns that Australian banks have the highest concentration of residential mortgages than any other type of...

Livewire
Moodys Analytics managing director Tony Hughes warns that Australian banks have the highest concentration of residential mortgages than any other type of institution in the world, making them vulnerable to a possible house price correction. According to Hughes, Australian house prices are overvalued. When compared globally, prices in Australia have increased for longer and faster than in many of the markets where prices cratered during the Great Recession. Although local analysts have downplayed the threat of a housing collapse, the experience of a financial crisis caused by US subprime mortgages is proof that Australia is not immune. (VIEW LINK)
2 topics

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise