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."
disallowed/business/the-economy/australians-overtake-swiss-to-lead-world-in-median-wealth-stakes-20181019-p50arv.html
