Westpac

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Commercial Banks
Westpac Banking Corporation is an ASX-listed ('WBC') Australian bank headquartered in Sydney. Originally established in 1817 as the Bank of New South Wales.

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Company News

sydney real estate market predictions for the next six months 2023 2024

Sydney property market predictions: How will the next six months play out?

Elevated demand is expected to continue, with migration, and a weak dollar among the drivers.
sydney house price forecast top 5 growth suburbs revealed

Sydney house price forecast: The top five growth locations revealed

Premium suburbs are leading the charge, with affordable suburbs expecting subdued growth.
Prices are set to grow eight per cent in the latest Perth property market predictions

Perth house prices forecast to grow by 8% next year, and population set to grow

WA’s population growth outpaced national growth, up 2.3% compared to 1.9%, nationally.
Lenders respond to upcoming RBA cash rate hike

Home loan lenders respond to the unprecendented times and a changing workforce

While sweetners have disappeared, lenders are changing some policies to accommodate the tough borrowing environment
Westpac predicts that the largest falls will occur in Melbourne, with values dropping 10 per cent in 2023, IMAGE supplied.

Westpac sees rates hitting 4.1 per cent and property prices falling further

Westpac said, “2023 will be another challenging year, particularly as the RBA continues to ratchet interest rates higher.”

1 in 2 home loans will breach their serviceability buffer under hiked cash rate

The bank stated that 45% of its home loans, were made assuming interest rates will end up lower than they actually will be after rates rises.
first home buyers

Should first home buyers buy now or in 2023?

Confusion surrounds the big banks forecasting as much as a 20% fall in house prices from peak to trough
rate rise

How high will interest rates be by Christmas and 2023?

All of the big four banks expected further cash rate hikes by the end of the year
nab-national-australia-bank-feature

More banks could join Home Guarantee Scheme, and Sydney market faces severe undersupply

The removal of the 2 major bank limit could see ANZ and Westpac join the major bank lender panel for the Home Guarantee Scheme
housing-sydney-market

Housing market declines for first time in 20 months

CoreLogic reveals falls in Sydney and Melbourne are at the root of national easing

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