the foreigners are using cash....or if they borrowed it was at 1-2% rates.....
the little aussie battler is out of that race....
or he is paying 7% now.....(or 20% in the future...10 + as the other gambers are suggesting)
while the foreigners are allowed free reign....raising interest rates will only affect oz residents.....it has no affect whatsoever on the foreigners....except to give them more free reign to buy our houses...
cause this govt is locking out the aussie's with the higher interest rates
maybe people should be venting their anger at the govnuts policies...that have contribted to this situation...
rather than venting their anger at current home owners
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