Housing market is in an environment of ‘heightened risk’, but it’s not ‘the B-word’

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Sarah Danckert| Sydney Morning Herald| 20 March 2017


Australia’s banking regulator says the country’s housing market is in an environment of “heightened risk”, but he won’t say there’s a housing bubble.

Australian Prudential Regulatory Authority chairman Wayne Byres told a Sydney conference that he wouldn’t use “the B-word” to describe the housing market.

We are in an environment of heightened risk. House prices are high and particularly in this one (Sydney) they’re rapidly rising,” Mr Byres sai

“If everyone is not careful the risks are going to rise,” Mr Byres said.

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