There's no housing bubble in Australia, heads of big four banks say
Testifying at the parliamentary inquiry into banking this week, the chief executives of National Australia Bank, Westpac and Commonwealth Bank all said that while they are worried about elements of the housing market, prices aren't over-inflated....
...The bank chiefs were appearing in front of the committee, set up by the Turnbull government to ward off calls for a more far-reaching royal commission into the financial industry, for the second time within six months.
