Lower rates = higher debt incurred to get into the market
Negative gearing = leverage used against first home buyers who are subsidising those who have out-priced them
FHBs have been punished since rates have been on the downward spiral since 1996 - can we now conclude that lowering rates was never about FHB being able to get into the market, but rather than the market growing and moving further ahead?
They have been brutally punished!
