Government says falling house prices are no cause for alarm | 7.30

There are stories everywhere you look about falling house prices but according to the government there's no cause for alarm. Elsewhere on the economy today there was modest good news, a slight increase in growth. But unless there is a significant lift in productivity, that growth could mean inflation stays high and the Reserve Bank will raise interest rates again. 7.30’s Sarah Ferguson interviews Treasurer Jim Chalmers. 7.30 is the ABC's flagship current affairs program, delivering original journalism, exclusive investigations, in-depth analysis and interviews on the major issues affecting Australia and the world. With on-the-ground reporting from ABC journalists across every state and territory and around the world, 7.30 has the latest on politics, policy, the economy, cost of living, housing, health, climate and energy, national security and global affairs. Presented by Sarah Ferguson, 7.30 scrutinises the decisions and actions of politicians, business leaders and other powerful institutions through rigorous interviews and investigations. Watch full episodes of 7.30 free and ad-free on ABC iview. Search "ABC iview" on your smart TV or streaming device, find the ABC iview app on your mobile, or click here: https://iview.abc.net.au/ Subscribe: https://ab.co/3yqPOZ5 Note: In most cases, our captions are auto-generated. #ABCNewsIndepth #ABCNewsAustralia