Transcript: Shayne Elliott with Neil Breen – 4BC Drive

Neil Breen: During the pandemic, people lost their minds on property prices. It was absolutely crazy. The (ANZ) bank has released a report saying the biggest factor driving prices down would be reduced borrowing capacity, not a rise in forced sales. So forced sale, is someone has borrowed too much, they can't afford it anymore and they've got to get out. But people would have their borrowing capacity reduced. They say, for the cash rate to reach 3.35%. That equates to a reduction in borrowing capacity of nearly 30%. The current cash rate is 1.85% and the RBA will meet next at the start of next month. I don't think we'll get another 0.5 next month I reckon it might be a .25, but then again, I've been wrong plenty of times in the past. Now the next guest of mine has been right a lot of times he's the CEO of ANZ Bank. His name is Shayne Elliott. Thanks for joining me, Shayne.