Australian Financial Review

Sep 23, 2013

‘Treasurer Joe Hockey has downplayed fears record-low Reserve Bank of Australia interest rates are laying the foundations for another housing bubble and said rising prices should send a signal to builders and their lenders of the need to boost supply… Major builders and the state governments backed the Treasurer’s comments, saying rising prices had brought more projects on stream but work was needed to boost supply of new housing.’

‘Matthew Hyder of Sydney-based developer Legacy Property, said there was “no doubt” the price growth occuring across all areas of Sydney was “truly giving rebirth to the development and construction industry.”‘

Extracts from article by Schlesinger and Greber.