Treasury secretary John Fraser appeared in Parliament today and did not mince his words:
“When you look at the housing price bubble evidence, it’s unequivocally the case in Sydney…certainly the case in higher priced areas in Melbourne.
It does worry me that the very low historical interest rates are encouraging people to perhaps over-invest in housing.
“You just have to see these renovation shows … to realise something is amiss.”
There is also this:
Bloody doomsayer.
