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Home Business News ANZ chief's concern about 'unhealthy' property prices

ANZ chief’s concern about ‘unhealthy’ property prices

BRISBANE, AUSTRALIA - DECEMBER 17: The CEO of ANZ Shayne Elliott speaks at the ANZ annual general meeting at the Brisbane Convention & Exhibition Centre on December 17, 2019 in Brisbane, Australia. ANZ is looking to avoid a second strike over executive pay packets following aggressive changes to renumeration plans including drastic reductions in executive bonuses as it confronts retail shareholders today. (Photo by Bradley Kanaris/Getty Images)
ANZ CEO Shayne Elliott. (Photo by Bradley Kanaris/Getty Images)
Bradley Kanaris via Getty Images

ANZ chief executive Shayne Elliott has revealed concerns about the impact of Australia’s towering property prices on the social and political fabric of the country.

Speaking on Thursday, Elliott said he believed the property market’s upturn would “go on for quite a while” amid high demand for housing.

Australian house prices have been climbing for several consecutive months, with CoreLogic’s latest…

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