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9 Jan 2020 (AFR) – Private sector jobs bounce back after two quarters in reverse

(9 January 2020, AFR, p3, Matthew Cranston, Economics correspondent) ‘Improved job vacancies that indicate businesses are taking the risk of hiring more people will not be enough to prevent the Reserve Bank of Australia cutting interest rates again next month, economists say. Job vacancies increased by 1.6 per cent in the November quarter in seasonally … Continue reading

8 Jan 2020 (AFR) – Job ads plummet as fires torch confidence, cast shadow over economy

(8 January 2020, AFR, p1, Vesna Poljak and Hannah Wootton) ‘The bushfire emergency has hit the outlook for the jobs market and caused consumer confidence to slump to its lowest level in four years in the first indication of the toll the deadly crisis is taking on economic activity, amid fears of worsening conditions later … Continue reading

8 Nov 2019 (AFR) – Banks’ year of living dangerously as returns dive

(8 November 2019, AFR, p19, James Eyers, Senior Reporter) ‘The major banks’ cash earnings have slumped to their lowest level in seven years, return on equity is the lowest in 20 years, and net interest margins – the core driver of revenue – have fallen below 2 per cent for the first time. With National … Continue reading

3 Oct 2019 (AFR) – Commercial property confidence slumps after post-election surge

(3 October 2019, AFR, p32, Michael Bleby, Senior Reporter) ‘The property industry’s post-election confidence bounce was short-lived, with the peak body’s latest quarterly survey of sentiment dropping back on concerns about sluggish economic growth and land tax dragging on sentiment in SA and Queensland. Industry professionals’s confidence about the coming December quarter dropped 10 points … Continue reading

15 Aug 2019 (AFR) – Retail property sentiment back at GFC levels: ANZ

(15 August 2019, AFR, p33, Larry Schlesinger, Reporter) ‘Investor sentiment towards retail property has sunk to levels last seen just after the global financial crisis a decade ago, according to a new report by ANZ Bank. Titled Retail malaise hits the property side, the report paints a troubling picture of operating conditions in the sector … Continue reading

27 July 2019 (AFR) – ANZ, CBA slash fixed rates – more coming

(27 July 2019, AFR, p11, Duncan Hughes) ‘Major lenders are slashing fixed rates by up to 96 basis points across their fixed rate range in a bid to grab-back lost market share as confidence grows the real estate market is beginning to improve.’ Read more at (might need AFR login access, or try:

17 Jan 2019 (AFR) – IPOs – Hugh Dive: The Liar’s Poker theatrics behind the IPO process

[COMMENT: Now this is a very interesting article about what happens behind the scenes during the IPO (Initial Public Offer) process, regarding the allocation of shares to IPO participants, and the float pricing. It sounds like a bit of a game, except with lots of money at stake.] (17 January 2019, AFR, p27,  by Hugh … Continue reading

23 Nov 2018 (AFR) – ANZ doubles down on housing downturn: prices to fall 20pc

(23 November 2018, AFR, p35, by Nick Lenaghan) ‘Housing prices could fall as much as 20 per cent across Sydney and Melbourne before the downturn is over, according to a revised forecast from ANZ. ANZ’s economists are the latest to downgrade their predictions amid worsening signals from the housing market and the chilling effect of credit tightening.’ … Continue reading

1 Nov 2018 (AFR) – ANZ, CBA, NAB, Westpac slash loan rates to lure customers

(1 November 2018, AFR, p41, by Ingrid Fuary-Wagner) ‘The big four banks are relenting to customers who haggle on home loans, with one bank dropping their costs by 83 basis points for an investor with the right credentials. Financial comparison site Mozo conducted its annual home loan “mystery shop” by posing as existing customers of Commonwealth Bank, ANZ, NAB and … Continue reading

1 Nov 2018 (TheAge) – ANZ chief predicts record low home loan growth

(1 November 2018, The Age, p1, Clancy Yeates) ‘ANZ chief executive Shayne Elliott predicts the pace of home loan growth will slow by roughly half to an all-time low, as an “extraordinary” boom in mortgage debt over the past three decades comes to an end. Mr Elliott also underlined the tighter credit conditions facing customers, … Continue reading

7 Sept 2018 (TheAge,SMH) – ‘Difficult decision’: CBA, ANZ Bank raise mortgage rates

(7 September 2018, The Age, p6, by Clancy Yeates) ‘ Commonwealth Bank chief Matt Comyn has conceded customers might be cynical about the latest spate of interest rate increases from three of the four major banks, but he maintained the hikes were justified by higher funding costs. CBA and ANZ Bank joined Westpac by raising … Continue reading

4 Sept 2018 (AFR) – Consumers turn cautious as retail spending stalls in July; and house prices take a hit

(4 September 2018, AFR, p3, by Patrick Commins) ‘Retail spending growth stalled in July, an unexpectedly weak outcome that suggests consumers may have become less willing to open their wallets amid falling house prices and weak wages growth. Turnover was flat in July against a 0.4 per cent gain in the prior month, seasonally adjusted data released … Continue reading

15 June 2018 (TheAge) – Big banks in bear market on housing, royal commission jitters

(15 June 2018, The Age, p20, Clancy Yeates) ‘Australia’s big four banks have slipped into a “bear market” as investors fret over multiple challenges including falling house prices, a regulatory backlash sparked by the royal commission, and higher funding costs. With the major banks lagging the broader sharemarket for several years, Commonwealth Bank closed at … Continue reading

7 June 2018 (AFR) – Up and down: ANZ – kind of – changes its call on house prices, again

(7 June 2018, AFR, p36, by Michael Bleby\) ‘ANZ, which in April created confusion by raising its expectations for housing prices two weeks after an earlier prediction, said on Wednesday it would cut its outlook due to a sharply deteriorating market. The country’s third-largest mortgage lender did, however, not forecast any new numbers, saying it would … Continue reading

2 May 2018 (AFR) – ANZ loans to inner-city apartment developments halve

(2 May 2018, AFR, p34, by Michael Bleby) ‘ANZ Banking Group more than halved its loans to inner city apartment developments over the past six months to $300 million as projects in Melbourne and Brisbane completed and it did not finance new ones. The third-largest residential lender said on Tuesday loans on CBD high-rise projects fell … Continue reading

24 Apr 2018 (AFR) – ANZ’s wealth sale driven by compliance breaches

(24 April 2018, AFR, p6, by James Frost) ‘ANZ’s decision to get out of the wealth business was driven by widespread compliance failures by its financial planners that the bank had identified as high risk as far back as 2013, the Hayne royal commission has heard. A business risk and compliance committee identified in late … Continue reading

11 Jan 2018 (AFR) – ANZ predicts property growth will slide to 1pc before rebounding in 2019

[COMMENT: How on earn can anyone make a prediction like this with any degree of accuracy? Economic forecasts (ie. predictions) are useful for governments and planning purposes; but are they useful for retail investors?] (11 January 2018, AFR, p4, by Duncan Hughes) ‘Residential property growth will slide to around 1 per cent in the second … Continue reading

26 Sept 2017 (AFR) – ANZ blacklists apartment lending and slaps down ‘liar loans’

(26 September 2017, AFR, p39, by Duncan Hughes) ‘ANZ has issued a confidential blacklist of postcodes in Brisbane and Perth where it will impose tougher lending terms and conditions for apartment buyers amid growing fears about over-supply, falling prices and combustible cladding. The nation’s third-largest residential lender is also warning mortgage brokers that residential loan … Continue reading

21 Sept 2017 (TheAge,SMH) – ANZ Bank tips two RBA interest rate hikes in 2018

(21 September 2017, The Age, BusinessDay, p21, Clancy Yeates) ‘ANZ Bank predicts the Reserve Bank will raise official interest rates by 0.5 percentage points next year as the economy gradually improves, with the first hike tipped for May. Australia’s cash rate has been at a record low of…’ Read more at

28 July 2017 (TheAge) – ANZ says power bill shock to drag retail sector lower – Power bill shock to hit cash registers

(28 July 2017, The Age, BusinessDay, p16, AAP) ‘Soaring electricity prices are becoming a drag for Australia’s weakened retail sector, with the latest round of increases likely to further crimp consumer spending, an ANZ report says. The sharp increase in energy prices from July 1 will lead to the average Australian household facing a 10 … Continue reading

20 June 2017 (TheAge) – Moody’s downgrades Australian bank credit ratings

(20 June 2017, The Age, BusinessDay, p20, by: Mathew Dunckley, Clancy Yeates) ‘Credit rating agency Moody’s has downgraded a dozen Australian banks, including the big four, citing increased risks in the nation’s increasingly indebted households. Moody’s stripped the big four banks – the Australia and New Zealand Banking Group (ANZ), Commonwealth Bank of Australia (CBA), National Australia Bank (NAB), … Continue reading

7 June 2017 (AFR) – House price growth to slow to 1.9pc as credit tightens: ANZ

(7 June 2017, AFR, p4, by Michael Bleby) ‘Housing price growth peaked earlier this year and will slow to a pedestrian 1.9 per cent by next year as lending constraints tighten and other measures such as taxes on vacant properties take hold, ANZ says in a new research report. Population increase and demand for housing … Continue reading

6 June 2017 (TheAge) – Job adverts continue to climb – ANZ job ads rise 0.4 per cent in May

(6 June 2017, The Age, BusinessDay, p25, Reuters) ‘Job advertisements rose for a third straight month in May, a promising sign for continued labour demand even as official figures on employment remain patchy. A monthly survey by Australia and New Zealand Banking Group showed total job advertisements rose 0.4 per cent to 169,994 in May, … Continue reading

3 May 2017 (TheAge) – ANZ Bank’s Shayne Elliott sounds warning on low wage growth

(3 May 2017, The Age, BusinessDay, p23, Clacny Yeates) ‘The pace of wage growth is so meagre it is likely to curb future growth across the banking industry, as regulators act to prevent a further blowout in household indebtedness, ANZ Bank has warned. ANZ’s chief executive Shayne Elliott on Tuesday warned soft wage growth was an important … Continue reading

20 Apr 2017 (AFR) – Rates to rise alongside house prices, creating more affordability problems

(20 April 2017, AFR, p31, by Matthew Cranston) ‘ Australia biggest property firms and investors expect house price capital growth to charge ahead despite their expectations that retail interest rates will continue to rise – a sign that would usually see house prices start to cool. The latest property industry survey compiled by ANZ and … Continue reading

26 Aug 2016 (AFR) – Australian companies’ world-beating payout ratio cannot last

(26 August 2016, AFR, p31, by The Lex Column) ‘Sometimes, confidence is enough to make it through testing times. This week, the ANZ and Roy Morgan consumer confidence gauge showed Australians at their most upbeat since late 2013. While it is tempting to infer a market recovery, too, confidence alone cannot galvanise a rally. Australia … Continue reading

25 Mar 2016 (TheAge) – Bank shares hit on bad-debt fears

(25 March 2016, The Age, BusinessDay, p21, Clancy Yeates and Vanessa Desloires) ‘ANZ’s warning of a $100 million lift in bad debts has sparked a hefty drop in bank shares, with $20 billion wiped off the big four’s combined market value this week. In a sign of investor fears over the threat to bank profits from soured loans, shares … Continue reading

5 Nov 2015 (AFR) – Why your superannuation is going nowhere…

[COMMENT: Here’s an interesting article that helps explain why a superannuation investment performs well for some investors but not for others.] (5 November 2015, AFR, p32, by Philip Baker ) ‘One of the first things any sharemarket investor gets told is to diversify. But right now just 10 stocks make up half of the market capitalisation of … Continue reading

24 Aug 2015 (AFR) – Big four banks mauled in bear market

(24 August 2015, AFR, p16, by Clancy Yeates ) ‘All of Australia’s major banks are in bear-market territory after investors wiped more than $85 billion off their combined market value this year – a drop of more than 20 per cent. ‘ Read more at (might need AFR login access)

8 Aug 2015 (AFR) – ASX loses $37b in worst day since 2012 – ANZ sparks rout in banks as ASX suffers worst day in three years

(8 August 2015, AFR, p40, by Stephen Cauchi) ‘Australian shares finished nearly 4 per cent down for the week after suffering their worst day in over three years on Friday, led by a savage sell-off in the banks. Investors dumped shares in ANZ on its return to trade after completing the bulk of a $3 billion … Continue reading