a healthy booming property market requires new players with ever fatter wallets. this allows participants to lever up to more prestigious properties. by the end of this decade median prices should double to $1 m , entry level humppies starting $600 k , ok so incomes may only rise by 30% thats where the rba and the banks will come to the rescue with 1% loans. also landbankers have the wealth and political connections to keep supply tight, just like the opec oil cartel, agree not to flood the market, put out stories we are running out of land /same as peak oil line.
