The Kouk on slowing price growth: Tweet of the day

The Kouk on slowing price growth: Tweet of the day
The Kouk on slowing price growth: Tweet of the day

Treasurer Joe Hockey has hosed down talk of a bubble in Australia's property market, and it seems that on this issue, economist Stephen Koukoulas agrees.

Following Reserve Bank (RBA) governor Glenn Steven's comments in the RBA's September minutes that "housing prices had been rising at a rapid pace" in the June quarter, Koukoulas has taken to Twitter to note that house price growth has in fact been slowing in recent months.

The Kouk on slowing price growth: Tweet of the day

On Tuesday, Hockey dismissed housing bubble speculation as "lazy analysis", while the RBA's September minutes detail their concerns over "speculative demand", which could "amplify the property price cycle and increase the potential for property prices to fall later."

Koukoulas has come down on Hockey's side, tweeting a link to a blog post titled "Hockey is right; and the growth in house prices is falling".

You can read Koukoulas' full blog post here.

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