 The Treasurer Joe Hockey was forced to defend the Australian housing market during a visit to the US in October, in an attempt to rectify foreign investor perceptions that a property bubble looms... (according to Mortgage Professional Australia pp 6 December 2013)
Hockey was asked in an interview with US-based reporter Amanda Drury, if he was worried about a bubble bursting and causing a housing crash like the one the US experienced during the GFC. "Not at all. A lot of commentators, particularly over here, don't understand the Australian housing market," he replied. "Australia is a long way from a housing bubble. Rising house prices in Australia help to make some of the more marginal new housing developments affordable, realistic and deliverable".
1 Comment
7/3/2014 07:31:50 am
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AuthorLiz Wilson has been working in finance for nineteen years now. She regularly blogs on industry topics and here you will find over a hundred personally written blog topics and case studies... 
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