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Westpac predicts 11pc fall in house prices, miners drag ASX lower | Finance Report | ABC NEWS Analytics Table
Income Estimates for Westpac predicts 11pc fall in house prices, miners drag ASX lower | Finance Report | ABC NEWS
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About Westpac predicts 11pc fall in house prices, miners drag ASX lower | Finance Report | ABC NEWS
Explore Westpac predicts 11pc fall in house prices, miners drag ASX lower | Finance Report | ABC NEWS with 32,725 views, 284 likes, and 10 comments. Experience the impact of this video content that has captured audience attention.
The Australian share market ended its day lower, ahead of the Reserve Bank's interest rate decision and the US mid-term elections. A sharp fall across mining stocks weighed on the ASX 200. The gold price has fallen to a one-year low, below $US4,000 per ounce. Wall Street's tech index, the Nasdaq 100, has seen its market value plummet by more than $US2 trillion ($AU 2.85t) in October due to the ongoing AI sell-off. Westpac reported its annual profit fell 1 per cent to $6.8 billion. The bank is forecasting Australian property prices will drop by around 11 per cent, from peak to trough. Presented by David Chau. #ABCBusiness Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-11-02/asx-markets-business-live-news-nov-2/107334212 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
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