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1.Market Observations

25 Aug 2014 (AFR) – Houses overvalued by up to 30 per cent, says ex-RBA official

(25 August 2014, AFR, p1, Christopher Joye)

‘One of Australia’s top economic experts, Jeremy Lawson, says the ­housing market is 20 per cent to 30 per cent overvalued and has left Australia vulnerable to a big international ­economic shock. Mr Lawson is the global chief ­economist of Standard Life, a massive British fund manager with $460 billion in assets under management. He was previously a senior economist at the Reserve Bank of Australia and the OECD, and in 2007 advised then ­opposition leader Kevin Rudd.’

Read more at AFR.com (might need AFR login access)

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