Falling housing demand from historically low immigration and rising unemployment are heightening the risk of further falls in house prices, the Reserve Bank of Australia says.
The warning comes as this week's federal budget outlined the largest hit to population growth in more than a century, leading some economists to warn of dark clouds on the horizon for the residential housing market.
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Ronald Mizen reports on politics, economics, business and the law, with a focus on corporate regulators, lobbyists and investigations from Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
