Steve McKnight on today tonight and the half burnt house!

Well today tonight isn't good lol but SM came off looking very polished. BTW Steve we could see the screen on your comp and you must live on the Forums too !

A lot of what was said is true. I still think affordability is in the eye of the purchaser. My parents paid $93k for their house and now people pay $300k for the same thing. They don't say oh no thanks I can't afford it they try to get mortgages.

I think the govt releases crown land slowly because if all the land was able to be developed the bottom would fall out of the property market and out of the country.

 A lot of Australia's wealth is held in the ground and in the houses. There is not huge amount of manufacture such as in China etc to hold money in the country. When you think that there are billions of bank dollars allocated to mortgages…..

Also think about all the extra taxes that home owners and investors pay, stamp duty, council rates etc it is a big earner for the govt, banks so they have a vested interest in keeping prices increasing yet still allowing lending and encouraging home ownership

Just some thoughts

D