ANZ CEO Shayne Elliott: Home ownership for the average Australian is getting ‘out of reach’

ANZ CEO Shayne Elliott says the Australian dream of home ownership is getting “out of reach” for the average Australian.

Elliott says it’s causing a class divide with older people and those with higher incomes increasingly the only ones who can afford a mortgage.

Press PLAY to hear him explain 

Latest ANZ data shows a slump in consumer confidence, after the latest interest rate rise, down 3.5 points over the last week.