Real Estate News

Australia’s top banks look to diversify from mortgages as rates peak

todayMay 5, 2023

Background

AUSTRALIA’S top banks may be forced to look beyond their traditional residential mortgages business for growth as the windfall from high interest rates peaks and the risks from runaway inflation and competition rises.

Written by: sherwin@eyeconz.com

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ELEVEN years ago, Sally Liu, a water-resources engineer, and her husband Bay Chang, then a senior research scientist for Google, bought a 0.84-acre lot for US$2.675 million in suburban Hillsborough, California. Avid environmentalists in their mid-40s with two young sons, [...]

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