Urban Taskforce Australia has warned of financial instability in Australia’s banks, as well as a halt in construction of new homes and immediate unemployment, if house prices were to plummet.
CEO, Tom Forrest, made the comments in an opinion piece the Daily Telegraph, before he appeared on 2GB’s Afternoons with Michael McLaren.
To listen to full interview, CLICK HERE, and listen from 22:16.
The interview was then repurposed for news grabs in the 1pm 2GB news bulletin.