“If housing prices were to fall by, say, 15 per cent, the financial stability of our entire banking system would be immediately threatened….if housing prices plummet, new construction will dry up. Immediate unemployment.”
Urban Taskforce Australia CEO Tom Forrest has warned about the economic impacts of a dramatic fall in house prices.
To read the full opinion piece in the Daily Telegraph*, CLICK HERE
*Please note, this article may be behind a paywall.