And funding costs and the housing market are interlinked.
If funding costs rise, they'll be passed onto the consumer, and with consumers having record high housing debt to income ratio, any increase in interest rates will HURT.
Why is Westpac share price falling?, page-3
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$27.20 |
Change
-0.150(0.55%) |
Mkt cap ! $94.36B | |||
| Open | High | Low | Value | Volume |
| $27.34 | $27.34 | $27.12 | $67.19M | 2.470M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10000 | $27.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.20 | 22090 | 3 |
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| WBC (ASX) Chart |