wage growth slowest in 16 years

http://m.theage.com.au/business/the-economy/wages-growth-weakest-in-16-years-20140219-32zyv.html

"Far from facing a wages explosion, the weak labour market is producing the weakest growth in wages for more than a decade.

The wage prices index calculated by the Australian Bureau of Statistics (ABS) rose by 0.7 per cent in seasonally adjusted terms in the December quarter.

Annual growth came in at 2.6 per cent through 2013, the figures released on Wednesday show."


Ok, so please try to help an ignorant bear like me understand. Wages are dead in the water and interest rates at at record lows. What exactly is going to support property growth????

It's only a matter of time before it breaks...