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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.
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news.com.au
Aussies’ interest in this bank offering wanes
Westpac is writing thousands fewer mortgages as the major bank expects investor home loans to more than halve over the next year.
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afr.com
Banks prepare for earning peaks amid rising economic strain
This week marks a final bright spot for the country’s biggest lenders as slowing credit growth, margin pressure and bad debts emerge amid a softening housing market.
