Australian property not too toppy: Brian White
Jonathan ChancellorDecember 7, 2020
Ray White joint chairman Brian White says prices in the property market were not yet too great a concern – but added that macro-prudential was a useful tool.
“My point is not letting a boom get out of control makes sense – I have seen too many booms that did get out of control, and the hangover is severe,” he told the Australian Financial Review Sunday.
He pointed out that adding regulatory intervention in Asian markets had been successful.
“It’s nowhere near as toppy as we’ve seen in the past.”
Mr White said the property market had been more overpriced in Sydney in the late 1980s, late 1990s – and in 2005 it was “just raging”.
“We’re not looking at this condition as extreme as 2005,” he said.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.