The founder of Aussie Home Loans “Big” John has spoken out publicly and blamed the government for the lack of confidence in the Australian property market. He took a shot at the RBA governor Glen Stevens at a recent Citi bank event accusing him of being “asleep at the wheel”.
He thought that he had been too late to reduce interest rates making it tough for those wondering how to invest in property He went onto to say that he did not believe that property prices were over inflated and there was no housing bubble. He felt buyers had been scared off due to the uncertainty of the GFC and political bickering here in Australia. He also said that a change in government to a majority would also help to restore confidence.
