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45 thoughts on “Australia’s Banking System is Risky”
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Bonkers
It's ok home owners are very happy we have got very rich off it 👍🏼😀
Housing Market in New Zealand is folding in on itself. Bad news for New Zealand and Australia
Put all the eggs into a basket
There's record short sales on the big 4 by hedge funds.
The only way to turn this around is to reinvest into Australian local manufacturing
there are competitions with 5 major lenders.
The sleepy country.
Wowwwwwwwwww
Jews
i said this was happening years ago and was mocked and told to 'stop being so negative'
Have they learned Nothing from Subprime Housing Market Crash in USA during early 2000s….
I think you're really simplifying it too much Digogo as in other locations, it's just the same. The reason why is that each of the big 4 had literally EATEN all the rest of the other banks that tried to stand out. BankWest, gone and into Commonwealth. UBank is owned by NAB. ME Bank is eaten into Bank of Queensland. The problem is that none of the smaller banks can survive without the infrastructure of the big 4. Whether it is the payment systems OR the banking infrastructure, it is controlled by either ANZ, Commonwealth, NAB or Westpac. Simple.
Well when free trade agreements send all your manufacturing overseas what do you expect.
You know I'm not trying to be a conspiracy theorist here cuz I'm not by any means. But it does sound like the Philadelphia experiment where United States might have traveled into the future but some people got stuck to the hole. Not that part but traveling and the future is true. Sounds like you guys are headed for a 2008 housing bubble crash like we had over here in 2008
Sounds like Canada unfortunately 😢
once housing market crashed.. its done.
current housing market is artificially inflated big ass bubble.
This whole place is becoming a clown show I grew up here and it's just getting far worse. The banks and the government are just destroying Australia
Husce people are behind it. Wake up people. He was right about them.
Nearly everything you said was wrong. I'm impressed 😁
Most common religion reported in the Australian census: real estate
The graphic made it look like the money is going to New Zealand, reality is the other way around.
The same banks have operations in New Zealand and New Zealand is experiencing similar patterns making property buying/investing/selling one of the country's major economic pillers.
Please put some respect to Botswana 🙏
How about NABs islamic only loans? I say boycot that sht.
What 4 banks? We have 4 banks that are owned by 4 foreign banks hsbc, citi, JP Morgan and BNP Paribas. ALL 4 are owned by exactly same 4 banks in various ratios.
Just the banking system??
Ey I'm from Botswana 🇧🇼 (appreciate the shout out but life ain't bad here for the middle class you making us sound like we backwater but we got EVs too 😂)
This problem isn't unique to Australia, look at the UK, the EU, Canada… same dynamic everywhere. Housing has become chronically unaffordable across the developed world. The real underlying issue isn't banks behaving badly; they're doing what banks do, chasing the best return. If other sectors of the economy offered comparable yields, capital would flow there instead. The problem is that nothing else does. Housing has become the most reliably profitable lending market available, and until that changes, until other sectors can compete for capital on equal terms, you won't solve the affordability crisis by blaming the banks. You'd need to make the rest of the economy more attractive to invest in.
There is a correlation between the concentration of banking system, the amount of regulation surrounding lending practices, and the amount of lending towards assets with simplistic NPV (such as real estate).
Bitcoin was created in response to that behavior
Does these banks think Australians can only live in their homes?
That’s why people make the joke that Australia is not a real country… Not because it’s literally not there but because of the way it’s run and how it’s basically a fake country. China owns more of Australia than Australia does.
All my dollary doos,gone.
The fact Australia has not even tasted a housing correction is probably the scariest economic news down under. By the time it’s all over MadMax will be considered a documentary series. Good Luck!
A good friend of mine who works in the Australian finance world told me 5 YEARS AGO that Australia is doomed when this scheme crumbles. It will be worse than the US housing crash of 08-09 not in terms of global impact but specifically for Australia. Looks like he was right.
Why do every YouTube Shorts captions feel like they were made by people who can't read and write?
I'm from Botswana and don't know if I should be offended or proud…I'll choose to be proud 😅
Because homes are treated as investment vehicles thanks to John Howard. Why invest in a business or anything productive to the ecomony with CGT exemptions, negative gearing to fuel the housing market? Compound that with low supply and greedy politicians, greedy banks, real estate gurus, foreign buyers and you get the current insane bubble for house prices that regular punters cannot afford.
Laughs in Canadian
Conversely you have very good payment systems.
That Australia has power to affect the rest of the west is the most cursed part about it.
Banks DON'T LEND MONEY to buy homes… They create * dept money* out of nothing, there is no actual existing money involved that's why the national debt always goes higher every year and is impossible to refund…… I can't believe that we still have to explain that in 2026 to a stupid AI video…
The banks know that we suckers will bail them out again when the bubble bursts. Australia's economy – banks, two supermarkets, US bases and Qantas . I was going to say mining but we give that away to other countrys' economies 😂😂
Also not to forget that the country is basically owned by the CCP.