The only thing that can save us is higher property prices. It's what we all want and need to see right now in times of bad news. The government and RBA have become to pre-occupied with other negatives in the economy, they need to get back to what works, turbo-charging the housing market. If we can hit the 20% target then we should hopefully see a whole new wave of buying from existing multi property investors who are in a much better financial position to own land in Australia then high-risk and unreliable first home buyers.
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Peter Batten, MD
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