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Joe Hockey says house prices rises are an opportunity not a bubble; Hockey sees price increases leading to more construction
Topic Started: 22 Sep 2013, 06:27 PM (2,677 Views)
zaph
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Quote:
 
Hockey cheers on price increases

reasurer Joe Hockey has downplayed fears record-low Reserve Bank of Australia interest rates are laying the foundations of another housing bubble and said rising prices should send a signal to builders and their lenders of the need to boost supply.

“As prices increase there is an opportunity for builders to get out there and make projects that were previously marginal,” Mr Hockey told Financial Review Sunday on Channel Nine.

Mr Hockey said he prefers to take a glass “half full” approach to the rising property market and urged state governments to contribute to increasing the supply of new homes.

“Let’s ... encourage the builders and financiers and state governments through the approval process to get on with the job of increasing supply.”

Mr Hockey acknowledged that there was a problem for younger Australians hoping to enter the property market but warned against overreacting.

“As prices go up, obviously it gets harder for young first home owners to get in the market, but it also makes it more attractive to increase the supply of stock,” he told Financial Review Sunday.

“Surely now developers and their financiers are going to look at the market and see that there are opportunities.”
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Foxy
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Zero is coming...

He says supply i say demand.
Wait a minute did i just hear
SUPPLY AND DEMAND???

Peter
:pop:
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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themoops
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foxbat101
22 Sep 2013, 06:41 PM
He says supply i say demand.
Wait a minute did i just hear
SUPPLY AND DEMAND???

Peter
:pop:
Every time you post I feel like I'm visiting the spastic centre.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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stinkbug
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themoops
22 Sep 2013, 07:46 PM
Every time you post I feel like I'm visiting the spastic centre.
Should I remind you what happened last time someone here (me) used that term? I wonder if Mango will be jumping down your throat?
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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genX
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I'm glad the new government came out pro-bubble, hopefully now the nation can throw the last vestige of caution to the wind and go all in.

Only risk here is that most people know that Joe Hockey is a clueless fat headed fuckwit and won't take his pro-bubble message to heart.
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themoops
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stinkbug
22 Sep 2013, 07:52 PM
Should I remind you what happened last time someone here (me) used that term? I wonder if Mango will be jumping down your throat?
I don't recall that. As far as I know you can say spastic, retard, you can be anti jew, anti white, but not anti non white here, unless you're cryptic enough.

Oh well that's better than most forums.

Yay for sort of freedom of speech.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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Sheepdog
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genX
22 Sep 2013, 08:14 PM

Only risk here is that most people know that Joe Hockey is a clueless fat headed fuckwit and won't take his pro-bubble message to heart.
What are you trying to say GenX? That sentence is a bit ambiguous. :D

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genX
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Sheepdog
22 Sep 2013, 08:27 PM
What are you trying to say GenX? That sentence is a bit ambiguous. :D
Just expressing the feelings arising from my decade long love affair with the member for North Sydney.
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themoops
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genX
22 Sep 2013, 08:58 PM
Just expressing the feelings arising from my decade long love affair with the member for North Sydney.
He is an idiot isn't he.

I remember him getting all gung ho about IR rises a year or three ago, he said he wouldn't back down one iota.

What a wanker.

He's just a typical brain dead, ethically promiscuous Catholic.
Edited by themoops, 22 Sep 2013, 10:01 PM.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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Sheepdog
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Well, if the AUD remains high the Libs may well be right when they say that IR will always be lower under a coalition government! :bl:

The scariest part of that statement is there are people who actually believe it.

Joe Hockey is like every other windbag politician and will say whatever to gain a vote, no matter how stupid.
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