Labout at least they had a better housing program.. ( kill negative gearing,... get institutional investors in..)
Now , we see government "INJECTING" steroids into housing...
1. hooking up new home buyers with 5% deposit ... hehe.. just take bigger LOAN....
2. APRA revised 7% benchmark rate... hehe... just take bigger LOAN
3. Reserve bunk mulling cutting rates to historical low... just so you can take bigger LOAN...
even media is joining cohort.. it is right time to buy.. if you do not it will be late...
When interest at historically low.. what does it tell you ? >> economy is BAD...
Should you jus take bigger LOAN ?
Is there any FOOLS around ?
Insulting government .. instead of bringing affordability level up.. they just want you to take bigger loan...
What has to be done:
1 . Reduce immigration ( reduce demand) this will improve wages and job prospects for locals...
2. Get institutional investors in to build affordable housing ( e.g. like Germany ) so people can take it on 12-15 year lease.
3. Build high speed train network ( not toll collecting roads for your buddies)
