Federal Politics

James Massola

James Massola is chief political correspondent for the Sydney Morning Herald and The Age, based at Parliament House

Scott Morrison has moved to reassure investors that Australia's housing market isn't heading for a crash.

Housing market not heading for a crash, says Morrison

Treasurer Scott Morrison has moved to reassure US investors – and Australian mums and dads – that Australia is not headed towards a housing market crash, arguing house prices are high but their value is still "real".