I do not know how you can still mention Keen these days. How can it be a disaster compared to what you guys were talking about on that thread in 2012....most egging on 50% falls...and saying Keen will be right LOL, just a "few years out" then the real boom came.
The middle class work in Retail/ Services and Construction too, so again fail to see how with nearly 70% of the population owning property it's been a disaster. It's certainly been a disaster for anyone following Keen or the merry band of HC property thread doomers.
The major cities have had a correction, and you will note, first home buyers are back with highest % since 2012
Our wealth is spread more evenly than most if you look at the median net wealth of Australians.
"Not only are Australians relatively rich by global standards, our wealth is more evenly distributed across the population than many other countries, it finds."
