Australian housing market set for 'soft fall', but we should prepare for worst case: report

The 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.

แม้ราคาที่พักอาศัยจะเป็นความเสี่ยงต่อระบบเศรษฐกิจ แต่ก็มีการคาดการณ์ว่าราคาจะหดตัวลงมาอย่างนุ่มนวล Source: AAP

Australia's financial stewards and bank regulators should be prepared for a hard landing in the housing market, according to the world's leading economic agency.

In its latest assessment of Australia, the Organisation for Economic Co-operation and Development says the housing market poses a risk to the nation's economic growth going forward.

That comes amid elevated house prices and related household debt, the Paris-based group said in a report released on Monday.

House prices have fallen gradually since late 2017 and the market is on trfor a soft landing, the OECD said, but it stressed some risk of a hard landing remains and regulators should be ready for the scenario.

"Financial supervisors and bank regulators should be prepared in the event of a hard landing in the housing market," the report states.

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