Business Services Industry
Banks tip house prices will ease.
Australasian Business Intelligence, April, 2003
Apr 24, 2003 (The Courier-Mail - ABIX via COMTEX)
Queensland banking and insurance group Suncorp-Metway expects the local property boom to end. In an ABC TV interview, Suncorp-Metway's CEO, John Mulcahy, said the bank is planning for the market to slow down after being "very strong" for a number of years. The Bank of Queensland's CEO, David Liddy, agrees, predicting an easing of home prices. However, he believes that the Brisbane property market will be insulated from more dramatic declines in Sydney and Melbourne due to its strong population growth. ANZ Banking Group's CEO, John McFarlane, expects the property market to soften, but for prices to remain stable rather than decline.
Publication Date: 25 April 2003
BANK OF QUEENSLAND LIMITED -...
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