Slowing household credit growth is the biggest story in Australian banking.The federal budget has hit investor loans, house prices have stopped skyrocketing, auction clearance rates are soft, and competition among the banks for new loans and refinancing is reasonably strong. These factors could result in household credit growth halving, underpinning the $11 billion short-the-banks thesis. Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Judo Bank tanks as loan losses reveal economy’s rapid decline
Once investors get past a 45 per cent share price drop, they’ll worry about how three loans in entirely different sectors and states could go bad all at once.
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