The Australian Financial Review with an article today:
ANZ chief executive Shayne Elliott is concerned about a spike in customers struggling to repay their mortgages
- warning "stubbornly low" wage growth in a weakening housing market could prompt more defaults
- ANZ said on Wednesday that 5 per cent of its home loans are in negative equity as at March, non-performing loans have ticked up and mortgages more than 30 days due had risen sharply.
Here is the link for more, AFR may be gated
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It would not be surprising if the comment is perhaps aimed at hinting the RBA might want to cut its benchmark rate?
No?
RBA meet next on May 7.
