The largest asset class of the major banks in Australia is
Question
The largest asset class of the major banks in Australia is
Solution
The largest asset class of the major banks in Australia is residential mortgages. This is because a significant portion of their lending activities is directed towards the housing market. This includes both owner-occupier and investment properties. The high value of residential property in Australia, combined with the large volume of transactions, makes this the largest asset class for Australian banks.
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