Some comments by Fitch Ratings
- Mortgage portfolios of Australia's 4 major banks could withstand housing market downturn without experiencing losses that threatens viability
- Australian banks' ratings would be likely to come under pressure in severe scenearios where banks suffer from large second-order economic effects
House prices in Sydney and Melbourne are starting to cool off, but while concerning it's not likely we'll see a housing crash in Australia any time soon. And this is probably the lesser of two evils for the RBA if it wants to have things go its way.
