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Aussie property market not overvalued: Morrison

The treasurer also says the central bank is unlikely to cut interest rates further, which are already at record low
Tuesday, October 11, 2016 - 05:50

Home prices in Sydney are up 14 per cent so far this year, compared to 9 per cent in other major cities in Australia.


AUSTRALIAN Treasurer Scott Morrison said debate on the country's housing market is prone to exaggeration - even as Sydney property prices rise anew - and indicated he doesn't see much appetite at the central bank for further cuts in the nation's already record-low interest rates.

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