Westpac expects 11 per cent house price fall, posts $6.8 billion profit
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The second-largest lender in the nation reported a profit of 6.8 billion dollars. The company expects interest rates to stay elevated. It also predicts that house prices will drop by more than 10 per cent by March.
The nation’s second-biggest lender expects interest rates to remain “elevated” and for house prices to have fallen more than 10 per cent by March.