We’ve got the Real Estate Treasurer swanning around New York telling anyone who will listen that there is no Australian housing bubble. Now, Secretary of the Australian Treasury, John Fraser, has given a speech last night at Citi’s annual investment conference, which is worth dissecting for its spin value relating to Australia’s housing market. The speech is not available on the Treasury website, therefore, I am relying on the account Jonathan Shapiro at The AFR.
Here’s John Fraser spinning Australia’s household debt and house prices:
