When someone like David Murray speaks, we need to pay attention, in my opinion.
'Australia’s property market now mirrors one of the worst speculative manias in human history, according to a former Commonwealth Bank CEO.In a televised interview that drew little media attention, David Murray warned that the entire economy is “vulnerable” because of overvalued house prices in Sydney and Melbourne.“All the signs of a bubble are there. Many of the signs are the same as the Dutch tulips,” Mr Murray told Sky News on December 1. '
