Australia’s biggest customer-owned bank, Great Southern, predicts house-price growth will soften after jumping during the two-year coronavirus pandemic.
Brisbane-based Great Southern, which says it has almost 380,000 active customers, also is anticipating that official cash interest rates could rise from 0.1 per cent to between 0.75 per cent and 1.5 per cent before stabilising.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
