ANZ boss warns on property market, calls for further investor restrictions

Wed, 20 Jul 2016

By Edwin Mitson July 20 (BusinessDesk) - ANZ Bank New Zealand chief executive David Hisco, who head's up New Zealand's biggest lender, has warned property prices in Auckland are overcooked and the ending of the property boom will be "messy". In an article written for the Auckland-based New Zealand Herald, Hisco writes that "having been in banking since 1980 I have seen this movie before. The ending is pretty much the same - sometimes a little plot twist, but usually messy". He warned baby boomers who have become property investors are...

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