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Australians like to believe property values double every 10 years. It doesn’t — and the next decade could see annual growth rates of around 3 per cent as we navigate a new era of structural inflation.
A leading fund manager says the structural deflation that made Australians real estate millionaires is over and investors should get ready for a decade of little to no capital growth in housing.
After a tumultuous period in global banking, local experts say the most direct impact for Australian lenders could be more expensive funding.
ANZ chief executive Shayne Elliott says the bank has a real-time view on wages, house prices and inflation. He’s not worried about what comes next.
ANZ won’t chase growth in mortgages at any price, but it will need businesses to loosen their purse strings to build its institutional bank.