Home ownership now 'preserve of the rich': ANZ boss

Home ownership now 'preserve of the rich': ANZ boss
High immigration, building costs and heavy regulation are contributors, says Antonia Watson. (Image: ANZ)
Pattrick Smellie
The head of the ANZ bank in New Zealand fears her Australian chief executive’s statement that homeownership “has become the preserve of the rich” is coming true here, too.In an email to BusinessDesk, Antonia Watson, the chief executive of ANZ’s NZ unit and this country’s largest trading bank, said the bank’s group CEO Shayne Elliott was being “candid” in his remarks, published by the Australian this morning.She warned that a combination of factors, including galloping immigration, high constructio...

More Finance

Fast-food chain float could give Fonterra a steer
Finance

Brian Robins: Fast-food chain float could give Fonterra a steer

After a dearth of IPOs, all eyes are on Guzman y Gomez. 

Brian Robins 20 Jun 2024
Whineray appointed new Jarden chair
Finance

Whineray appointed new Jarden chair

Fraser Whineray quit as Fonterra's chief operating officer in July 2023.

Murray Jones 19 Jun 2024
The danger of seeking out a returns Booster
Finance

Paul McBeth: The danger of seeking out a returns Booster

The FMA needs to move swiftly in its bid to be a related party pooper.

Paul McBeth 18 Jun 2024