Honestly, the Council of Australian Financial Regulators, which has clearly made a collective decision to talk down property at APRA, RBA, ASIC and Treasury, must be tearing its collective hair out with the Government, from the AFR:
Treasurer Joe Hockey has dismissed concerns about a housing bubble in Sydney and parts of Melbourne, saying the problem was one of supply and market forces would sort it out.
The Treasurer said he saw no need for any more regulation above the current role of APRA that, since late last year, has tried to force banks to limit loans to investment borrowers.
