CompaniesChanticleerChanticleerThe lender says there are reasons to be cheerful amid the headwinds facing the property market, but analysts say margin pressure is only likely to increase.Westpac chief financial officer Nathan Goonan reckons we should all just take a big, deep breath.On a 30-minute call with analysts on Monday morning to talk through the banking giant’s June quarter numbers, Goonan said it was far too early to call the demise of the Australian housing sector.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In Financial servicesFetching latest articles
Westpac’s plunge shows banking’s great mortgage shock just started
The lender says there are reasons to be cheerful amid the headwinds facing the property market, but bank watchers say margin pressure is likely to increase.
Westpac has posted significant quarterly declines; analysts forecast mounting margin pressure across Australia's mortgage market. Margin compression in banking typically precedes capex cuts on tech infrastructure and fintech innovation, signaling constrained credit conditions impacting tech investment decisions.








