Here’s what would happen to Australia’s big four banks in an ‘Ireland scenario’ housing meltdown

Australia’s major banks are likely to remain resilient in the face of a cooling housing market, according to research from credit rating agency Fitch. The findings were based on scenario analysis used to stress-test the mortgage books of the big four banks — which account for around 80% of the $1.6 trillion worth of outstanding...

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from Unclaimed Money Australia https://unclaimedmoneyaustralia.com.au/blog/heres-what-would-happen-to-australias-big-four-banks-in-an-ireland-scenario-housing-meltdown/