The housing minister says the federal budget will have only a "mild" impact on house prices, and if predictions bear out that house prices may drop by 10 per cent, that won't be due to the government's tax changes.

The housing minister says the federal budget will have only a "mild" impact on house prices, and if predictions bear out that house prices may drop by 10 per cent, that won't be…

One top economist argued that lower house prices were a good thing, and that Labor would be wise to resist calls to protect asset prices and reverse course.