So lets get this straight, the RBA removes housing/land from the CPI in the late 90s which naturally would have an upward effect on prices, but when house prices begin to fall housing bulls want IR to go with it. HOLD UP housing is not part of the CPI therefore should have absolutely zero bearing on housing going down.
All you rotten levereged up investors and agents its time to suffer the concequences of poor investment making.
People need to remember housing is for living and not for investment to be treated like a spec share (as been the case in the last 10 years) future generations will suffer if high house prices become the status que.
Just like the government can stop the import of bananas they can stop the investment on houses if thats what wins them votes
