does property reduce your wealth, page-8

"Plus the leverage it gives you with the banks and buying businesses, more real estate etc. Lost opportunity cost is immense."

Yes but the average punter are happy just to own their home and with supper they don't really get into investing and business.

when I say average punter I mean lower/middle income earner who have little aspiration that to own their own home.

It's been said that taking on a mortgage is like forced saving which is right in a way but owning a home has long been the aussie dream