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Old 17-05-2017, 09:22 AM   #81
Polyal
Virtuous Bogan (TM)
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Join Date: Jan 2005
Location: TAS
Posts: 27,438
Default Re: Australia housing bubble

Cant blame them, they are just trying to make a buck.

If the demand is there then you need to look at why that is so to bring prices down. With the pussy footing around with neg gearing etc it is quite clear that one of the major reasons why this country hasnt completely fallen apart is because of the property market (IMO).

Manufacturing is going through a rough period, mining is recovering but still downish, govco is pushing infrastructure because no one else will....Coal plants closing, timber plants closing, dairy plants closing....

What is actually keeping the country going? There doesnt seem to be a solid plan for grass roots jobs.
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