The banks,APPRA and the govt have in some ways loweted the...

The banks,APPRA and the govt have in some ways loweted the standard of lending. The govt gives new buyers a big grant because they cant save the deposit , APPRA and the banks while tightening up lending have allowed them to borrow more with the same income. From latest data around 30% of new loans are designated liar loans UBS report.
This is desperation from govt and banks.
Dont worry if you cant save enough for the deposit the govt will give it to you and if you dont earn enough to make payments just lie apparently no one os checking their figures.
So the govt and banks are fuelling a bigger bubble and collapse.
Absolute desperation by all involved.