Housing Boom No Big Economic Threat

From the AFR on Friday, 5 September 2014, p. 17:  "Rising housing prices in Australia require monitoring by regulators but the risk posed to the financial system, are nowhere near as great as in the UK, which is approaching bubble territory.  That's the view of Charles Dallara, who is chairman of the Americas region for the Partners Group.  ... The housing market in Australia is relatively self contained."