Someone will always says our average mortgage interest rate did...

Someone will always says our average mortgage interest rate did peak around 9%. The house price had not come down during that period. Why the run up of interest rate on this cycle will do any different?

Of cause the debate carries on... Its time the government do something, cut all the red tapes and encourage house building, land release, specially in Sydney - which what refer by most as house price increasing too fast while on other states, the the market do not have chance to catch up as high as Sydney.

Any change in regulation to have IP = PPOR in term of tax will help PPOR owner have same level playing field with IP investor. Having said that, this does not address the fundamental cause of the problem - house price raise