I'll just add to that, that the government chucking good money...

I'll just add to that, that the government chucking good money after bad right at the top of the cycle shows they haven't got a clue and they don't care about the citizens at all, it's like averaging down on a stock with someone else's money. All they have to do is raise rates, admit that they were wrong, explain the situation so the sheeple can understand and let a heap of people and businesses who took on too much debt go under. Flush out the system and go again, it will be painful and a bad multi year recession but will be better in the long run.
And worst of all the banks need to be pulled into line and reduce lending, it was all talked about in the royal commission.