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Treasurer forced to defend Aussie housing market in US interview

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Australian Broker | 15 Oct 2013, 07:00 AM Agree 0
In an interview with CNBC in New York, Treasurer Joe Hockey claimed commentators simply 'don't understand' the Australian property market
  • ?? | 15 Oct 2013, 09:29 AM Agree 0
    No mention to the Americans that in Australia you cant just leave your keys in the mailbox and walk away from your commitments???
    The home lending laws of the 2 countries are poles apart. We would have crashed the same time they did, if we had the same rules in place. And bubble? Seems to only be affecting a few cities. Not seeing any/much improvement in mine.
  • cynical | 15 Oct 2013, 11:40 AM Agree 0
    Perhaps there also needed to be the relationship to domestic wages mentioned. Seems like Joe just wants to fuel the bubble with more overseas buyers driving up prices. Lets make housing even more unattainable for the local population.
  • Jon | 15 Oct 2013, 12:31 PM Agree 0
    Comparing the Australian Property Market to the US is absurd. Where is the oversupply of property issues in Australia? Not seeing a great deal of vacant homes here, because we generally only build properties that there is a demand for (especially post GFC), and prices generally increase due to an increase in demand and supply not keeping up.
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