Advertisement
Abbott Government MP and chair of a parliamentary inquiry into the housing market, John Alexander, has issued a warning that Australia’s growing army of landlords risk big losses if the housing market turns or rates rise. From The AFR:
Alexander agreed with Reserve Bank governor Glenn Stevens that overheated property market, in Sydney and Melbourne, had the potential to cause serious “social dysfunction”.
The full text of this article is available to MacroBusiness subscribers
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.
Advertisement