House Prices Are Out of Control, Why?, page-17

Sadly, when the feds offered more money to entice more punters into the housing ponzi shceme ,here in WA, what happened?
Block prices went up straight away.
Housing contracts, that were signed, were cancelled, as the house prices, had gone up.
When you people figure it out, the govt ( state & federally), what ever money they tip in, gets extracted at the contract point, with increases, to both the house and block prices.
Meanwhile, whats comin down the pipe?, interest rate increases, and wages are not keeping up with inflation.

"Wages growth has picked up, but, at the aggregate level, is only around the relatively low rates prevailing before the pandemic. There are, however, some areas where larger wage increases are occurring. Given the tightness of the labour market, a further pick-up in aggregate wages growth and broader measures of labour costs is in prospect. This pick-up is still expected to be only gradual, although there is uncertainty about the behaviour of labour costs at historically low levels of unemployment."

The above is code for ,your shit out of luck, we gotcha, and we gotcha good.

Raider