Australian Treasurer Joe Hockey says “he prefers to take a glass “half full” approach to the rising property market and urged state governments to contribute to increasing the supply of new homes”:
- “As prices increase there is an opportunity for builders to get out there and make projects that were previously marginal,”
- also cautioned against making “knee-jerk” responses to last weeks US Federal Reserve surprise decision
From the Australian Financial Review (gated): Hockey says house prices opportunity, not bubble
