You are so quick to excuse the bankers'role in increasing house prices through supply of easy credit. The banks their lending standards drop, not s much as in some parts of the world, but it definitely happened in Australia.
Interest rates are at historical lows and in Sydney, Melbourne prices have reached crazy heights. Of course any new buyers are faced with the dilemma of having to buy at a high price and have to hope interest rates won't rise.
Maybe you can safely guarantee your kids to purchase a house, maybe you don't have kids, maybe you make a lot of money...... for many would be NEW buyers of real estate in Australia, it seems so hard they don't bother...... suppose someone is going to bring up the "eating too many avocado concoctions", excuse the bankers role in the current situation, mock anyone who mentions overseas experiences.
