Yes SharesRfun, a sadly predictable consequence of reckless meddling in the property market. Much suffering for those first home buyers who paid too much and, due to Govt-imposed time constraints, were forced to rush in and got burnt. Great opportunity for property investors to unload low-end properties and realise a handy capital gain. You're a genius, Kevvie. Thank goodness the property market has held up so far but I fear, as interest rates rise, the bottom end will go soft and those poor suckers will be holding properties woth less than their mortgages. Did you miss the sub-prime crisis in the USA, Wayne, you genius?
