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
Sydney
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.
There's "no evidence" the property market is overvalued outside "arguably some pockets if x and y and z happened, and x and y and z as yet has not happened", he said in an interview at the International Monetary Fund's (IMF) headquarters in Washington. "So I think these risks can be overstated. They can be really overstated."
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