Of course the unspoken(ish) question is will we follow the USA in this trend?
USA 7%
Europe 5%
Aus 3%
If so the Feds favorite tool is interest rates. The banks are already singing from a different song sheet than the RBA about when people should expect interest rates to rise. We have a generation who have never seen and probably don't really understand that interest rates go up and housing prices go down.
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