But the property market is one of the few areas of the economy that is growing adequately as terms of trade plummet and mining companies shed value because commodity prices are falling in light of a slowing China.
"Australia can't afford for property to have a hard landing. If housing prices bust, the banks will get hit hard. And then what is there? It's in everyone's interests right now."
..when this starts being your argument you know you are in deep, deep trouble. All sectors of an economy bombing and the only thing keeping it afloat is a credit fueled property bubble....and the solution is to inflate it further?? Yikes.
