The Australian Greens have commented on an OECD report warning of a ‘rout’ in Australian house prices.
Greens Treasury spokesperson, Senator Peter Whish-Wilson, said that the OECD report confirms that “the big-four banks are creaming it.”
“CBA, NAB, ANZ and Westpac are all profiting off a housing boom that threatens to undermine the entire economy. And they’re doing it all with the benefit of government guarantees that they don’t have to pay for. This is a scandal.