Australia’s most powerful banker shuffled uncomfortably in his chair when asked about the low rates of home ownership among younger people – declaring that getting them into the market is ‘not my day job’.
Reserve Bank of Australia Governor Philip Lowe, who is on a salary package of $1.076million, spread out his arms when first-term Liberal MP Keith Wolahan asked him about millennials – those born between 1981 and 1996.
During the past five decades, the proportion of Australians aged