Kincella you've missed my point then gone for the smack down through an anecdotal example of your close friends.
The fact is we're talking about 1 in 7 taxpayers in the country, a broad range of people are included in there, my comments don't imply that all these people will 'panic and sell' and many will be in a similar position to your group of friends who can ride out any economic storm quite happily.
1 in 7 is a lot of people, 14.28% of the working population, and as your 70/30 stat was discussed in an email from CPA Australia:
'It could be argued that housing policy in Australia has been broadly successful given the relatively long standing ratio of 70/30 home owners to renters which seems reasonably high by international standards'.
That there is such a high level of investment by Australians across all walks of life into this one asset class is simply a worrying statistic, nothing more or less.
