The US,UK China germany etc etc etc all weathered the below aswell
Sept 11 Bali bombings SARS Asian Currency Crisis Unfunded Federal politican Super( labor began compulsory super) The Sydney property boom( every country has had a property boom) Massive increase in Oil prices
You will find our interest rates are at close to the highest in the world and our personal debt is one of the worlds worst. Our housing is now ranked as the most unaffordable in the world and our rates are less than half what thye were when johnny came into office, but they are still one of the highest rates in the world.
It was keating that put the base in place for the boom, but I wont give him too much credit cause the whole world has been booming.
