Good point and reminder ...and we have come from a very low interest rate base so the impacts will be immediately felt.
Borrowing at 8% plus to get a possible nett 3% return in capital cities (or say 4% gross) will soon not compute...a nd house prices have got to give.
above all - We need to become a hard working, lucky country again - and we can only be a lucky country if we have affordable housing
- and there's a longstanding principle that need to be reapplied and relived - that there's no easy money to be made and the prosperity of a country is based on taking on real risks and hard work - not sitting on our backsides and just buying houses.
