Judo Capital: Aussie bankers biased towards property

Wednesday 27 March 2019

Judo Capital founder Joseph Healy has told a banking and wealth summit that a generation of bankers lack sufficient knowledge of the lending requirements of the small business sector, as they favour lending to property buyers. From The AFR:

The co-founder of challenger SME lender Judo Capital said bankers were addicted to property, and would prefer to lend to a customer buying a holiday home than an entrepreneur who is going to hire 10 people.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.