David Murray calls for controls on hot housing market

By Nassim Khadem
Updated March 5 2015 - 4:08pm, first published 1:58am
David Murray: The risks of the hot property market to Australia's economy are a "serious issue." Photo: Alex Ellinghausen
David Murray: The risks of the hot property market to Australia's economy are a "serious issue." Photo: Alex Ellinghausen

Australia needs to consider introducing limits on borrowing to rein in house-price growth and avoid further risk to the financial system, says the head of the Abbott government's financial systems inquiry, David Murray.