Please click the link below to view Shane Oliver's views on the state of the Australian housing market.

Key points raised are;

• Expensive housing and high household debt leave Australian housing vulnerable.  But without a recession or much higher interest rates a property crash is unlikely.
• However, the surging supply of apartments and the continuing strength of the Sydney and Melbourne property markets pose an increasing risk.
• The combination of high house prices, huge gains in Sydney and Melbourne, low rental yields and a coming surge in the supply of apartments mean property investors need to be careful.