By freeing up labour and money tied up in the mostly unproductive housing market and diverting it into the mining sector they would be doing the country a favour
Maybe its their plan to have unemployed trades people ready to take up jobs where they are really needed
Maybe its also their plan to have bankers to find something else to finance by increasing the risk profile of RE lending
Either way it doesnt really matter, once sentiment completely changes on property(and i dont think it has just yet) it wont matter what interest rates do or even how undervalued a house is in yield terms
Thats already been proven more than once within two long term, top performing net exporting economies (Germany, Japan)
