Connect with us

Business

Housing prices outpace the Commonwealth Bank (ASX:CBA) share price

Published

on

ADVERTISEMENT

The Commonwealth Bank of Australia (ASX: CBA) share price closed at $87.80 today, down 0.13%.

The S&P/ASX 200 Index (ASX: XJO), meanwhile, closed 0.07% higher as the index managed to maintain its afternoon rally.

Why CBA isn’t concerned about rising house prices

The Commonwealth Bank share price is up 5% so far this year. While that’s a solid result for the big four bank, a company with a market cap of $156 billion, Aussie home prices have risen even faster, up 6.2%.

Should we be concerned?

Not according to Commonwealth Bank CEO Matt Comyn.

Addressing the House of Representative economics committee in Canberra yesterday on the rapid…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

5 things to watch on the ASX 200 on Thursday 6 May 2021
Article feature image
Climate Council warns of gas dangers in schools and homes – NEWS.com.au