"as time goes by, even more equity is being built as people continue to pay off mortgages at higher rates whilst rates are so low." ... so how does this explain the record debt levels ? another load of total BS ... (still cant believe SL follows McGraw ... oh that is just gold pure gold - pure entertainment .. couldnt ever wonder how a real estate would think there is a bubble)
Watch the bond markets ... there is nothing in Oz (RBA, gov, no one) that will help the credit markets destroy the leveraged property owners here in Oz.
