RBA Gov Lowe says he sees no bubble in house prices

Reserve Bank of Australia Governor Lowe speaking still, earlier:

• RBA Gov Lowe says Australia needs to keep strong trade relationship with China

More now:

• we are in a recovery, on the road back
• says recovery is very uneven, some sectors booming others depressed
• sees no bubble in housing market
• says need rising housing prices in the current environment
• slower population growth will restrain house prices
• says macroprudential instruments could restrain debt quickly

Headlines via Reuters