Risk of ‘sharp correction’ in Aussie house prices has increased, warns Standard & Poor’s

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GLOBAL credit ratings agency Standard & Poor’s has downgraded the ratings of 23 Australian finance institutions, warning the risk of a “sharp correction” in home prices has increased. The agency has slashed its rating on finance industry heavyweights including wealth manager AMP and second-tier mortgage lenders Bendigo & Adelaide Bank and Bank of Queensland. While […]