NAB chief executive officer Ross McEwan expects house prices to continue rising a little bit more this year and next year. He says there’s a lot of demand for homes and very limited supply. The number of migrants coming back to Australia has also exacerbated the issue. Mr Ewan told The enterprise’ Alicia Barry borrowers are resilient and handling rising home loan stress for now. He’s defended passing on finance charge rate hikes to customers. NAB posted a $7.4 billion full-year profit.
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