The financial institutions fronting the Financial Services Royal Commission are also the ones controlling mortgages, so will an expose of their dealings push property prices down? Writes…
The Financial Services Royal Commission has exposed some irresponsible lending by Australia’s biggest banks.
Some of the revelations from the commission have affected certain banks’ share prices but not their profits.
The question is whether the information brought to light by the commission will further push down property prices?
Three out of five experts said yes
Here are their detailed responses:
Grattan Institute began with contributions to its endowment of $15 million from each of the Federal and Victorian Governments, $4 million from BHP Billiton, and $1 million from NAB. In
Cameron Murray is a senior economist at The Australia Institute and member of the Sustainable Australia political party.
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