Leith Van Onselen gave a very clear picture of the growing crisis in the Australian Housing Markets and the reason for it....
1.) Insane levels of immigration, the highest ever seen in our history 2.) a 5.1% decline in Australian Incomes over the last year - the highest in the developed world, 3.) risiing inflation and finally... 4.) 13 interest rate rises in the last 18 months and probably some more to come.