Treasurer Joe Hockey insists increasing residential construction is the best way to respond to concerns about a housing bubble.
"You've go to get the stock up," he told ABC Radio on Thursday, citing figures showing an 18 per cent increase in the number of construction starts in 2014.
Mr Hockey dismissed talk about a housing bubble in Sydney and Melbourne, saying the global experience was that only happened when supply exceeded demand and that was not the case in Australia.
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Joe Hockey says increasing construction is the best way to respond to fears of a property bubble.
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