australia hasnt escaped the problem, its just the last to be hit.
interest rates on home loans hit 5%, only a year previous people lurnt that borrowing to much was bad with home loans at 10%, and what did people do when it hit 5% they borrow more?
human rance never learns, hence why history repeats itself, seems like majority are sheep and only a few are wolves who know when to hunt and when to sit back..
