Reserve Bank considered asking for real estate 'pause' amid property crash fears, FoI documents reveal

Reserve Bank economists considered urging the Federal Government to shut down the real estate industry, 'pausing' sales of established homes, to avoid perceptions of a coronavirus-inspired housing market crash. 

Read the story from ABC colleague Dan Ziffer

Highly classified documents from inside Australia's central bank also suggest house prices could slump up to 15 per cent. 

Australian Banking Association chief executive Anna Bligh tells ABC's Peter Ryan she isn't surprised the RBA would consider all options given the depth of the crisis.