Property News · October 11, 2016

Australian housing risk ‘overstated’ and central bank unlikely to cut rates, says Treasurer


Australia’s Treasurer Scott Morrison has insisted the debate on Australia’s housing market is prone to exaggeration, even as Sydney property prices rise anew, and indicated he does not see much appetite at the central bank for further cuts in the nation’s already record-low interest rates.
There’s “no evidence” the property market is overvalued outside “arguably some pockets if X and Y and Z happened, and they are as yet have not happened,” he…

Source : South China Morning Post
Read more…Australian housing risk ‘overstated’ and central bank unlikely to cut rates, says Treasurer

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