I had a feeling this budget might be end up the rise and fall of the Australian housing market.
Talk of the family home now being factored into means testing for the pension by 2023, less than a decade away.
Think about it ... baby boomers own two thirds of all residential property in Australia ... and most will still rely on a pension to maintain quality of life.
This could get very messy indeed for people buying at todays prices, it could see a flood on the market of two thirds of the property held in Australia running for the exits to preserve the pension and way of life.
