glenn stevens tells asia not to worry

RBA governor Glenn Stevens has attempted to ease Asian investor concerns about high house prices and high levels of household debt in Australia while acknowledging the unevenness of the Australian economy and bank funding challenges created by the European crisis in an address in Hong Kong today.

Stevens acknowledged that "some observers worry about high levels of housing prices and household debt" during a speech at the Credit Suisse 15th Asian Investment Conference 2012.

http://www.smartcompany.com.au/property/048792-don-t-worry-rba-chief-glenn-stevens-reassures-asians-investors-on-australian-housing-market.html