Someone forgot to tell the Bank of Melbourne that we don't want irrational exuberance

Veteran economics columnists Terry McCrann and Robert Gottliebsen wrote last week that the RBA told the big four banks that a housing price boom is currently its greatest fear.

It seems someone at Westpac ought tell the Bank of Melbourne given their current advertising campaign.

bank-of-melbourne-aug-22

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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