HIA in panic bubble denial

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By Leith van Onselen

Like clockwork, the Housing Industry Association’s (HIA) Harley Dale has promptly played down concerns by ASIC chief, Greg Medcraft, that Australian housing is a bubble. From The AFR:

“It is accurate to say the current ratio is banging at the top of the range that we’ve observed over the last 10-15 years”…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.