Sorry you have this wrong. Banks and APPRA have now adopted easier lending standards recently along with government first buyers grants. Australias economy only just grew last year and only because the price of IO jumped, that is now falling and predicted to come down a long way. Between 20 and 50 000 jobs were lost last year ind the building industry alone with a lot worse to come. This alone is why unemployment rose. There is no way around it Australia is falling into recession whether you like it or not, Ive lived through several but none as widely occuring as this. If economies were growing why negative rates?? Govt cash ban is comi g because rates are going negative stopping people from taking money out of banks. The EU just went -0.5% rates, Trump is calling for neg rates, the RBA will follow the US and the gov is now yelling about wages growth. Sorry but your utopian view is missguided, I wish it wasnt but it is.
