Prepare for ‘severe housing collapse’
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Labor dismisses concerns negative gearing policy will collapse housing market | Sky News AustraliaLabor is dismissing concerns by the government that reining in the tax concession could lead to a collapse in the housing market.\n\nFairfax reports the Opposition has seized on data compiled by the Parliamentary Library which found just one in 10 properties purchased over the past year were for tax loss purposes.
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Australian housing market set for 'soft fall' – but should prepare for worst case, report warnsThe world's leading economic agency says Australia is on track for a soft landing in its housing market but believes a hard landing isn't out of the question.
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House price collapse would 'pressure the whole economy', warns OECDAustralian regulators should be drafting contingency plans for a collapse in house prices, with a hard landing looming as a key risk to the wider economy, the OECD warns.
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'Prepare contingency plans': OECD warns Coalition government on falling house pricesThe OECD has warned the Morrison government to start planning now for a house-price induced downward spiral that would end the nation's unparalleled run of growth.
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'Prepare contingency plans': OECD warns Coalition government on falling house pricesThe Morrison government has been urged to start planning now for a house-price induced downward spiral that would end the nation's unparalleled run of economic growth
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Further falls expected in Australian housing market | Sky News AustraliaFurther falls are expected in the Australian housing market in the new year, following a 'mixed to weak' 2018.\n\nA CoreLogic report, which reviewed Australia's property market performance over the pas t 12 months, found Sydney and Melbourne saw the most significant falls.\n\nLooking ahead, CoreLogic's Cameron Kusher told Sky News they expect further falls in the market but at a slower rate of decline.\n\n\n\n
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Weakest property market since 2008: Sydney, Melbourne house prices tumbleAustralian house prices have recorded their largest drop since the height of the GFC, with Sydney and Melbourne leading the way down.
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Weakest property market since 2008: Sydney, Melbourne house prices tumbleAustralian house prices have recorded their largest drop since the height of the GFC, with Sydney and Melbourne leading the way down.
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