My personal opinion is that the Carr government is presiding over, what will be, the biggest collapse of real estate values in Australias history. If Egan's idea was to make homes available to the 'first home buyer', why didn't he take into consideration other people of similar incomes that will be affected by a fall in their property values- maybe foreclosures due to large falls in homeowner equity. This whole thing of state governments running their own little agendas when they are not in unison with broader Australia, to me, makes the state level of government inefficient.
