Coalition goes bubble gaga as Morrison summons FHB patsies

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Careful what you wish for Scotty:

” I see hope for first home buyers in this recent data because what the actions of APRA have achieved is they have taken the edge off the market, they have meant that it has stopped it getting even harder to buy a first home,” Mr Morrison told Fairfax Media.

“That doesn’t mean everyone can suddenly buy whatever they want. It’s still difficult to buy a first home.”

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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.