Bursting the banks’ “no bubble” bubble (members)

Tuesday 26 August 2014

As noted yesterday afternoon by Houses & Holes, Australia’s big four bank chief economists united for an interview with The AFR to declare that Australian housing is not a bubble.

For a bit of fun, I thought that it was worth evaluating each of the banks’ arguments to determine whether they hold water. First up is the ANZ’s Warren Hogan:

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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.