Now Abbott pops his bubble

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From News:

RESPONDING to questions about housing affordability in Sydney and Melbourne, the prime minister empathised with people trying to buy their first home.

“Even as a cabinet minister sometimes it’s hard to pay a Sydney mortgage and I know over the years I’ve earnt a lot more than the average person,” he told reporters in western Sydney on Wednesday, noting the Abbott family was still paying off its home.

Fair dinkum hopeless.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.