OECD warns on house price collapse and risk of hard landing

The OECD says a severe collapse in housing prices is a significant threat to Australia's economy. 

The Paris-based organisation says regulators should begin drafting contingency plans for a possible hard landing and a scenario where a financial institution might become insolvent. 

At the same time, the OECD says Australia's economy is resilient to shocks and noted its strong fundamentals. 

Treasurer Josh Frydenberg has jumped on the positive comments and says Labor's proposed reforms to negative gearing pose a significant threat.

Here's my report from the ABC's AM program

Source: OECD