Paul Xiradis (CEO Ausbil Funds Management) talks with Mark Draper (Adviser, GEM Capital Financial Advice) about the outlook for the Australian Banking sector.

http://www.youtube.com/watch?v=rdnjUQFwg8o

Key points:

1. Bank Balance Sheets are in good shape
2. Housing downturn concerns overblown
3. Banks have grown their profits consistently in tough times over past years
4. Australian mortgage owners are well ahead in their repayment schedules