The rise and rise of mortgage lending
Housing accounts for an ever-growing share of banks' lending portfolio, KPMG says.
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The inexorable rise in mortgage lending underpinned the banks’ profits in the June quarter, albeit that they were 11% lower than their record-breaking March results.
The country’s nine major banks made a collective net profit of $1.45 billion in the three months to June, down from $1.64b the
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