Australia has a new high-profile property spruiker. But it’s not a real estate agent or buyer’s advocate or even mortgage broker -- no, Australia’s latest high-profile property bull is (worryingly) the deputy governor of the Reserve Bank, Ric Battellino.

Last week Battellino (who has never actually worked outside of the Reserve Bank since graduating from university in 1973) defended Australia’s ever-growing property bubble, telling the National Housing Conference in Melbourne last week that: