IMO most of this interest rate stuff in Oz really effects housing and housing prices - which effects all parts of the housing industry, which really has large effects on almost the entire economy
if one were to better Oz - in many ways - some are, national security, national economy, all the services and way of life and quality of life
one really needs to reform the residential property laws - that would have so much more clout than fiddling with interest rates whenever a kneejerk reaction is required
the entire housing industry - how it props up Oz with pure speculation, how it has state governments on the tax teat with pure speculation investment, with housing affordability issues, homelessness and poor health due to the costs of housing -
it's really a disaster for Oz -------- and Oz sits in wonderment thinking that it's rich because it's got high house prices - it's actually the poison - not the antidote
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