Property market fears wipe $46b off bank shares - The Australian Financial Review

The big banks were smashed again on Thursday as investors bet mortgage volume growth would fall as lending restrictions get tighter.

The housing market has only just started to enter this downturn and this one will be as big as the biggest weve seen over the last 40 years. In the previous 10 periods of declining house prices, the … [+4096 chars]

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