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Australian housing 'bubble' fears' overblown-HSBC

Bloomberg reports comments from HSBC Holdings Plc’s local Chief Economist Paul Bloxham, noting the following on the Australian housing market:

 

“At a national level, a key reason for rising housing prices has been housing under-supply.” 

 

“This also suggests that a significant fall in Australian housing prices, as occurred in the U.S. and Spain during the global financial crisis, is unlikely.”

 

 “fundamental factors” largely explain the price boom and, “as a result, we do not judge it to be a bubble.”

Check the website for more information: https://freshforex.com/analitics/news/all/finnews_1418317.html

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