Housing credit squeeze to hit builders, retailers and banks - Craigs

Fri, 23 Nov 2018

By Jenny Ruth Nov. 23 (BusinessDesk) - A squeeze on housing credit in Australia as a result of its royal commission into financial services is likely to continue weighing on a wide swathe of share prices, according to Craigs Investment Partners. The share prices of banks, building materials companies such as Fletcher Building and retailers are all in the firing line as the “wealth effect” of rising house prices evaporates, say analysts Roy Davidson and Mohandeep Singh. Escalating house prices were already the target of regulatory actio...

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