In 2015, Treasury Secretary John Fraser warned that Australia’s largest cities were experiencing a housing bubble. He warned that the major cause of the bubble was low interest rates and access to easy financing for real estate loans. In 2016 the average price of a home in Sydney passed $1M. Former Prime Minister Tony Abbott argued that increasing house prices in cities were a sign that the economy was healthy.
@vshenkoLibertarian2yrs2Y
No, and the Reserve Bank of Australia should be abolished
@8VXDDW4Libertarian3yrs3Y
allow the bubble to occur to reduce housing prices for middle and lower income people, and tax any foreign purchasing of houses that are not lived in
