Commonwealth Bank, Australia's biggest lender, says home loan demand is too high

Reuters
2025.11.18 04:13
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Commonwealth Bank of Australia, the country's largest lender, believes demand for home loans is too high, pushing property prices up. CEO Matt Comyn stated that a lower level of housing credit growth would be better for long-term financial stability. The bank benefitted from the surge in housing credit growth, but a more sustainable rate is needed. The Australian Bureau of Statistics reported a 6.4% rise in new loan commitments in Q3. Comyn expects the cash rate to remain at 3.6% through 2026 due to high inflation.

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