Banks shouldn't underestimate risk of concentration in housing

By Harry Scheule, University of Technology Sydney
Updated August 24 2017 - 8:43am, first published 8:33am
Generic Haymerket scenes.  ANZ and Westpac banks, banking, cash. Tuesday 4th July 2017 AFR photo Louie Douvis .
Generic Haymerket scenes. ANZ and Westpac banks, banking, cash. Tuesday 4th July 2017 AFR photo Louie Douvis .

The view of Australian banks on the risk that mortgage stress poses to our economy and the banks' own viability is worrying. Shayne Elliott, CEO of ANZ Bank commented in this week's Four Corners report:

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