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Why even the banks now warn on property

Investors and home owners won’t need a market downturn to have a painful experience| WITH VIDEO

James KirbyJames Kirby
less than 2 min read
1:35PMDecember 02, 2016.
Updated 8:07PMDecember 02, 2016

When bank bosses are joining the property naysayers, it’s time to pay attention.

Recent gloomy figures from CoreLogic RP Data prompted ANZ chief executive Shayne Elliott to sound a grim warning for Australia’s property market.

Forget a downturn, even a flat market could be painful for investors and home owners alike. Watch the video

James Kirby
James KirbyAssociate Editor - Wealth

James Kirby, Associate Editor-Wealth, is one of Australia’s most experienced financial journalists. James hosts The Australian’s twice-weekly Money Puzzle podcast.He is a regular commentator on radio and television, the author of several business biographies and has served on the Walkley Awards Advisory BoardHe was a co-founder and managing editor at Business Spectator and Eureka Report and has previously worked at the Australian Financial Review and the South China Morning Post. Since January 2025 James is a director of Ecstra, the financial literacy foundation.

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Original URL: https://www.theaustralian.com.au/business/wealth/why-even-the-banks-now-warn-on-property/news-story/a63aa02f743b523a2679cc4103997326