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Australia’s financial sector balloons to just under $11 trillion

Strong bounces in property and share prices over the last 18 months have seen Australia’s financial sector balloon to well over $10 trillion, new research has revealed.

Australia’s financial sector balloons to just under $11 trillion
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Australia’s financial sector balloons to just under $11 trillion

Stats released by Roy Morgan’s Banking and Finance Report revealed that Australia’s total market for financial services grew by a record 13.2 per cent over the last financial year to a total of almost $10.9 trillion in June.

Read more at Nestegg.

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