An aerial view of Sydney. Australia’s Treasurer Scott Morrison maintains the key driver behind house price rises has been the lack of supply at a time of low rates. Photo: Getty Images/iStockphoto

Australian housing risk ‘overstated’ and central bank unlikely to cut rates, says Treasurer

Sydney house prices up 14pc this year, compared with 9pc across the country’s major cities, according to CoreLogic

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An aerial view of Sydney. Australia’s Treasurer Scott Morrison maintains the key driver behind house price rises has been the lack of supply at a time of low rates. Photo: Getty Images/iStockphoto
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