Nothing to be alarmed about emerging signs of stress in Australian economy – ANZ

ANZ CEO Elliot spoke on the Australian economic outlook at a Reuters event in Sydney today, noting that there is nothing to worry about the signs of stress seen in the Australian economy.

Key Headlines via Bloomberg:

The emerging signs of stress in the Australian economy are nothing to be alarmed about

But the country is not used to such signs

Concerned about property market overheating in some areas

Notes pockets of overbuilding

Main driver of housing market is strong household formation rather than foreign investors