Giving evidence to a parliamentary inquiry, Nuno Matos drew on his experience of unrest caused by housing unaffordability in his native Portugal.
Almost everyone wants homes to be more affordable, but when house prices fall, not everyone is happy.
ANZ’s chief executive, Nuno Matos, diplomatically summed up the dilemma facing Jim Chalmers as the treasurer tries to walk the tightrope of talking up lower prices for first buyers who face less competition from investors, while trying to avoid too much responsibility for the sharp downturn in the housing market.
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ANZ boss Nuno Matos says he sees a "dangerous situation" of rising rates and frothy equity markets.
The bank’s annual report noted that a 40 per cent rise in employee relations cases involving alleged breaches of its code of conduct had been driven by “an increased focus on office attendance non-compliance”.
ANZ’s bottom line benefited from a 14 per cent decline in operating expenses, while its operating income rose 3 per cent.
It is one of six remaining Queen Anne architectural homes in the exclusive enclave.
Former ANZ boss Shayne Elliott and his wife have listed a Toorak home with a secret underground 500-bottle wine vault.
Liam O’Donohue, Managing Principal for Australia and New Zealand at Arup, explains how you design infrastructure today when tomorrow's technology, climate, demographics, energy systems, and community expectations may look very different.
