Overall, we are cautious on the impact of weaker housing and interest rates but customers, in our view, can take it. In any case, it will create an impending headwind that households must endure, the note said, although the broker is broadly optimistic: The flood of consumers facing residential interest rates at their highest levels since 2013 may trigger a “battleground” scenario, UBS warns. That’s approximately 25% of the entire Australian mortgage book. The broker highlights that around $500 billion in fixed-rate mortgages are set to roll over by 2024. However, some experts are warning the market mechanics of the Australian residential mortgage market could create a potentially dire situation.Īnalysts at investment bank UBS, led by John Storey, allude to this theme in a recent note to clients.
Buying opportunities?ĭespite the market volatility, and mounting pressure on the financials sector from the recent surge in interest rates, some analysts think selective opportunities remain in the ASX 200 banking space. ASX 200 bank shares have had a difficult year on the charts, encountering substantial volatility.įollowing a strong start to the year in January, the banking basket has travelled largely sideways to date.Īs seen in the chart below, the S&P/ASX 200 Banks Index (ASX: XBK) has wormed its way to around a 5% loss in 2022 so far.
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