Australia’s housing downturn is gathering pace — and the nation’s biggest banks are starting to feel the effects. Mortgage applications are falling, investor lending has slumped and house prices have retreated from their March peak as higher interest rates and tax changes weigh on demand.

On this episode, host Chris Bourke is joined by finance editor Adam Haigh to unpack what CBA, Westpac, ANZ and NAB are saying about where house prices go from here, how a prolonged slowdown could squeeze bank profits and what it all means for investors. They also examine why the Reserve Bank sees the housing slowdown as a sign its tightening is working — and how much further the market could fall.

Australia&rsquo;s housing downturn is gathering pace &mdash; and the nation&rsquo;s biggest banks are starting to feel the effects. Mortgage applications are falling, investor lending has slumped and house prices have retreated from their March peak as higher interest rates and tax changes weigh on demand.
On this episode, host Chris Bourke is joined by finance editor Adam Haigh to unpack what CBA, Westpac, ANZ and NAB are saying about where house prices go from here, how a prolonged slowdown could squeeze bank profits and what it all means for investors. They also examine why the Reserve Bank sees the housing slowdown as a sign its tightening is working &mdash; and how much further the market could fall.

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business. 

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

The Bloomberg Australia Podcast

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

What Bank CEOs Are Saying About the Housing Downturn

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/95842f8f-fe8f-4747-bf84-b4ac001f5582/transcript