Business
Why ASX banks are licking their lips right now
Despite near-zero interest rates, the big ASX-listed banks have some excellent news to see in the new year.
Evidence from multiple sources is showing that the housing market is heating up for a massive post-COVID surge.
“It seems likely that residential property transactions will increase by a quarter in 2021 as, in addition to homebuyers, we’re now seeing property investors also returning to the fold — lured by the prospect of neutral-to-positively geared investments,” said BuyersBuyers.com.au chief operating officer Pete Wargent.
“Now it’s notable that they’re feeling confident enough to buy again.”
Commonwealth Bank of Australia (ASX: CBA) has noticed the effects of the Reserve Bank’s November rate cut among…
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