news

Housing market at risk from ‘Black swan events’

By webmaster

‘Black swan events’ pose a genuine threat to Australia’s housing market and broader economy, according to a leading property researcher.

Brian Haratsis, chief executive officer of property research and advisory firm Macro Plan Australia, said events such as major overseas conflicts, the Queensland floods, or a potential market collapse in China could have a big impact on the local property market. Yet the Australian government and financial institutions have failed to address such risks, he said.

“What would happen if we found ourselves in another financial fallout and housing prices were to significantly drop?  Australia’s property market is inflated by around 20 per cent at present and this poses genuine risks to our stability,” he said.

“We need to be asking what we can do to reduce the cost of housing over the next decade through regulatory and taxation means to avoid such a threat to the mortgage industry and economy as a whole.”

Mr Haratsis was speaking at the first ever Australian Mortgage Conference, held in Sydney today.

Key mortgage industry stakeholders have gathered to discuss the outlook for the mortgage market and how the industry landscape will look in 2020.

Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%
Housing market at risk from ‘Black swan events’
SPI logo