Apr
09
Australian Regulators Too Late to Tackle Home Boom, Tepper Says
By-
Researcher identified Australian housing bubble 12 months ago
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Banking system ‘unstable,’ Australians living in ‘fantasyland’
Jonathan Tepper, the founder of a London-based research firm who a year ago warned that Australia had one of the biggest housing bubbles in history, has attacked regulators for acting too late to cool the market as they ignored their own warning signs and were hostile to suggestions property was too expensive, according to the Weekend Australian.
The nation’s banking system was “unstable” and Australians were living in “fantasyland” about the impact of slowing construction on the economy, the newspaper quoted Tepper,
chief executive officer of research firm Variant Perception, as saying…
Australian Regulators Too Late to Tackle Home Boom, Tepper Says
