RBA top brass not property investors

Thursday, 6 May 2021

At least the top two are not. Phil Lowe and Guy Debelle have declared their investment holdings after an FOI by The Australian:

Phil Lowe owns his home outright and has some managed funds.
Guy Debelle has no assets at all.

That does not speak for the past, or other staff, which have indicated in ATO releases a high propensity for property investment. Nor does it rule out exposure via partners or other close relationships.

But the top two appear to be property cleanskins.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.