Housing market not heading for a crash, says Morrison

By James Massola
Updated October 13 2017 - 8:37am, first published 8:10am
About 80 per cent of Australia's $2.1 trillion in household debt tied up in mortgages, treasurer Scott Morrison said.
About 80 per cent of Australia's $2.1 trillion in household debt tied up in mortgages, treasurer Scott Morrison said.

Treasurer Scott Morrison has moved to reassure US investors - and Australian mums and dads - that Australia is not headed towards a housing market crash, arguing house prices are high but their value is still "real".