Housing Crash 2019??, page-5

Maybe a lot of Westpac's, and other banks woes have been baked into their current price somewhat. They are obviously all a fair way down from the highs they reached a few years back, add on the RC, and tighter lending standards that APRA demanded, especially concerning interest only investment loans, and I think the current valuations on banks is about fair. Of course some fluctuation will happen, and I do feel the housing market in general has a bit of pain ahead, but nothing like the GFC. That was massive, on a global scale for all the obvious reasons.

Look obviously no one really knows what the future holds, but I m confident, in the future, banks will continue to operate at a profitable level, and our banks have enough behind them to weather a fair financial storm. I could be wrong, and if you were to short the banking sector, fair play to that.