Will Macquarie burst Australia’s banking bubble?
6/10/202630 min
Associate editor Joyce Moullakis and Chanticleer columnist James Thomson on how Macquarie crashed the big four bank’s mortgage party, why deposits are next and whether the banking bubble is about to pop.
This podcast is sponsored by Aussie Broadband.
Further reading:
Macquarie banks on tech nerds to smash big four’s mortgage oligopoly
When it came to building up its retail banking business, the Silver Doughnut has taken inspiration from America’s tech giants – not its banking rivals at home.
The bank bubble is popping. An AI winter may be coming next
Bank stocks have quietly slipped into a correction as the sector is suddenly hit by structural pressures. AI-driven cuts may be the answer to holding the line.
The budget killed our property super cycle. What comes next?
The way the budget has deliberately blown up the 30-year housing super cycle raises uncomfortable questions about Australia’s economic future.
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Clips
Transcript preview
First 90 secondsLisa Murray· Host0:00
[upbeat music] The Australian Financial Review. [upbeat music] For years, Macquarie Group steered clear of Australia's local bank customers, focusing instead on its more lucrative deal making, trading, and asset management operations. But over the past decade, it changed course. Macquarie is on the march in both the home loan and deposit markets, and the big banks are taking notice. UBS analysts estimate Macquarie could overtake ANZ to become the nation's fourth largest home lender in about four years.
James Thomson· Guest0:43
I think the Big Four banks sort of hoped that Macquarie would have a limited role as a disruptor in the mortgage market once upon a time, but all of a sudden they're at 7% and they're growing fast, and history says you ignore Macquarie's competitive threat at your peril.
Lisa Murray· Host0:57
Welcome to The Fin. I'm Lisa Murray. This week, Associate Editor Joyce Malakus and Shont clear columnist James Thompson on how Macquarie crashed the Big Four's mortgage party, why deposits are next, and whether the bank bubble is about to pop. [upbeat music] It's Thursday, June 11.
Unknown speaker1:23
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