John Hewson: Aussie housing “reaching crisis proportions”

Thursday 9 March 2017

Let’s recall the recent comments made by David Murray – the former CEO of the Commonwealth Bank and head of the Financial System Review – whereby he likened the Australian housing market to the 1600’s Dutch Tulip Bubble:

Switzer: “How vulnerable do you think our banks are to the apartment oversupply?”

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.