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SYDNEY, March 26 (Reuters) - Australia faces housing affordability problems for first-time homeowners but the country's property market is fundamentally in good shape, the CEO of third-biggest lender Westpac Banking Corp (WBC) said on Tuesday.
"I'm positive on the housing market," Peter King told the AFR Banking Summit in Sydney, citing "the fundamentals of 'we need more houses developed'."
"When you have a supply-constrained market that means the price will probably go up," he said.
"From a societal perspective, it's too expensive," King added.
News: WBC UPDATE 1-Westpac CEO says he is positive on Australia's housing market
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Last
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Mkt cap ! $94.02B | |||
| Open | High | Low | Value | Volume |
| $26.94 | $27.07 | $26.81 | $130.2M | 4.828M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 2876 | $27.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $27.07 | 21485 | 7 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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$27.07 |
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| Open | High | Low | Volume | ||
| $26.94 | $27.07 | $26.81 | 2113503 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| WBC (ASX) Chart |