Hmmm ... the reason our home prices are over 7 times average earnings is because of DEMAND !!!
Howard's immigration policy has our population growing at over 2.2% p.a. which is plainly STUPID !!!
Rudd's cut in immigration is correct ... will cool demand for overtaxed Govt services, take the heat out of housing.
Also the BANKS have a lot to answer for current unaffordability of housing ... TOO EASY LENDING !!!
A house should be something affordable for all that you live in with your family ... property as an asset class got totally out of control due to speculative excess driven by greed and hot money.
