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SYDNEY (Reuters) - Australia faces housing affordability problems for first-time homeowners but the country's property market is fundamentally in good shape, the CEO of third-biggest lender Westpac Banking Corp said on Tuesday.
"I'm positive on the housing market," Peter King told the AFR Banking Summit in Sydney, citing "the fundamentals of 'we need more houses developed'."
"When you have a supply-constrained market that means the price will probably go up," he said.
"From a societal perspec...
>>> Read more: Australia bank CEOs call for a fix to housing shortage
"I'm positive on the housing market," Peter King told the AFR Banking Summit in Sydney, citing "the fundamentals of 'we need more houses developed'."
"When you have a supply-constrained market that means the price will probably go up," he said.
"From a societal perspec...
>>> Read more: Australia bank CEOs call for a fix to housing shortage
