Because the best way to snooker the middle class with debt is a good old fashioned housing bubble. Most everyone gets sucked in and spat out. Australia has been fortunate to last this long and at the same time Australians could be seen to be the most foolish to think they would be any different having seen many examples of failed G7 nations, who went by the way because they simply paid too much for houses.
The house my friends, is the reason we have this global debt mess. And you can thank the bankers for being so kind as to provide the rope and noose. Not to mention a very large chunk of fat creamed off by the property industry itself.
