...housing accounts for more than two-thirds of private assets... and close to 100% of all household debt. That's why the current housing slump is such a big deal..
.. Even the spruikers are starting to say house prices are unlikely to outpace inflation for the next 20 years!
In our view that's the best case scenario. But more likely, housing will vastly under-pace inflation (as has happened this year) as credit growth slows and the bursting of the Aussie housing bubble picks up pace..
