Mr Hockey

: The treasurer also denied there was a housing bubble in Sydney, saying it was just an expensive city to live in, according to Nine News Australia. It my home city, it is an expensive city, he said. If you’ve got a good job and it pays good money and you have security in relation to that job, then you can go to the bank and you can borrow money, and that readily affordable, he said. If housing were unaffordable in Sydney, no one would be buying it. How are Australians supposed to find the good jobs that pay more when unemployment is at its highest levels in more than a decade under his government Mr Shorten told AAP. Earlier in the press conference, Mr Hockey warned foreign investors they have until December to step forward if they suspect they have illegally purchased residential property in Australia. Opposition Leader Bill Shorten was quick to attack the treasurer remarks. (news.financializer.com). As reported in the news.