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Morgan Stanley shows house prices will continue to tumble

House prices in Australia have now been falling for nine consecutive months, and Morgan Stanley recently said that its modeling shows this trend set to continue. The US investment bank has based its estimation on its predictive housing model, known as MSHAUS. The downturn follows a strong upward cycle late in 2016. The Australian housing…

Investors warn Australia over property price decline

A report from Pacific Investment Management Co. (Pimco) has suggested that the major banks in Australia could find themselves dealing with debt downgrades in the wake of a declining property market. The report came with a note from leading analysts and investment managers, who revealed that they “have grown more cautious with the external credits…

Rumors of Westpac mortgage rate rise following margin drop

Rising costs of funding have been hitting Westpac’s margin figures more than its competitors as speculation increases that it will have to hike its mortgage rates to bring profits back under control. Releasing a Q3 update today, Westpac said that its key measure of funding costs – the net interest margin – has shrunk significantly…