One of these day's we might even get back to the mindset that houses are a place for a home to live in, not some magical ever increasing investment.
Screw all the lousy property investor's endlessly bidding up the prices of existing dwelling's, adding nothing to the market other then more expensive rent and houses for real buyer's looking for a home.
Don't underestimate the impact of no capital growth (as opposed to full blown price declines) on the negative gearer's.
Disclaimer: Young Australian disgusted at Australian govt. policy, resulting house prices, and the mindset of most everyone on the asset class. Prices would have to drop far more then 50% to get me even remotely interested in buying the average dog box that sells for 500grand.
