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1 Jun 2015
Australian Treasury Secretary: Unequivocal proof of a housing bubble in Sydney
FXStreet (Bali) - Australian Treasury Secretary John Fraser is speaking in front of a parliamentary committee, noting that he sees unequivocal proof of a housing bubble in Sydney, Bloomberg reports.
Fraser also said, via Bloomberg, that forecasts point to significant economic headwinds, and that non-mining businesses are reluctant to commit to investment. On the flip side, Fraser said that "the budget assumption of iron price at $48 does leave an upside risk for nominal income growth."
Fraser also said, via Bloomberg, that forecasts point to significant economic headwinds, and that non-mining businesses are reluctant to commit to investment. On the flip side, Fraser said that "the budget assumption of iron price at $48 does leave an upside risk for nominal income growth."