Yes RBA should raise rates which will get rid of the investors & bring house prices back to an affordable level of 5 times yearly income historically.
As well government should get rid of negative gearing for investment property.
Sure the Sheeple that bought at inflated prices will struggle and possibly lose their home but its their own fault for not researching the housing market and instead following the crowd which created the unsustainable high prices.
In the end this will be an opportunity for youth of Australia to get into the housing market in the future when the world economies rebuild.
When will they learn for the other countries ( oh that's right Australia is different )
The whole housing market has been a joke for to long.
Welcome to reality and stop living in the dream world.
