Sure, it is a red light and alarm bells are ringing. However, as long as there are strong migrant flows to Australia from say Hng Kong then the price of these properties will be propped up. Such that if a seller defaults the bank can get its loan fund back.
News: CBA Ticking Timebomb? Thousands of Australian mortgages propped up by virus benefits, page-5
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Last
$134.34 |
Change
1.200(0.90%) |
Mkt cap ! $224.8B | |||
| Open | High | Low | Value | Volume |
| $133.83 | $134.58 | $133.80 | $80.27M | 598.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 143 | $134.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $134.35 | 66 | 3 |
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| Last trade - 14.06pm 29/07/2024 (20 minute delay) ? |
| CBA (ASX) Chart |