Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Australian housing market an economic risk

Less wealthy Australians have the most to lose if house prices collapse and cause an economic downturn, the shadow treasurer, Chris Bowen, has warned.

Bowen made the comments in a speech to the McKell Institute on Wednesday warning that rapid house price growth and record levels of mortgage debt were issues of financial stability, not just of fairness and equity.

Newspoll has found that a majority of voters support curbing negative gearing and reducing capital gains tax concessions for investors, but more people oppose using superannuation for a house deposit than support it.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.