Business
CBA boss hoses down house price bubble worries – Sydney Morning Herald
Commonwealth Bank boss Matt Comyn says the growth spurt is not being driven by investors piling into the Sydney and Melbourne markets.
Mr Comyn said that in the middle of the last decade, more than half of new lending in Sydney and NSW was flowing to investors. If you go back to 2014-15, most of that growth was coming out of Sydney and Melbourne, he said at a Trans-Tasman Business Circle Lunch in Sydney.
At the moment, the fastest-growing capital cities are Darwin, then Perth, then Canberra.
Theres a number of regional locations that are growing very rapidly, in fact Sydney and Melbourne are not strong on a relative basis.
Mr Comyn…
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