Banking royal commission could trigger biggest housing bust in three decades, economists warn

PHOTO: Auction clearance rates have fallen in most cities, and are below 50 per cent in some. ABC News: Ian Cutmore

There is a lot riding on the policy recommendations from the banking royal commission, not least of which is the stability of the Australian property market, according to some respected analysts.

Independent economist Saul Eslake said there was potential for the royal commission’s recommendations to have what economists refer to as “unintended consequences”.

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