The perception is that the government underestimated the impact of its disruption of the housing market.

The perception is that the government underestimated the impact of its disruption of the housing market.

Housing Minister Clare O’Neil will tell the Financial Review Property Summit that property owners should not focus too heavily on the slump in values this year.

The key long-term question is what impact the tax changes from budget night have on the economics of the housing market.