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    Housing affordability improves as rates, prices fall

    Nurses, Qantas...have you forgotten? You cannot compare to the 70s/80s because we had very different laws back then. For example, secondary boycotts were used extensively in the 80s but were recently banned.
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    Housing affordability improves as rates, prices fall

    I would argue that regulatory uncertainty is another big factor beyond the money aspect. Let's not forget that 6 years ago we had the Workplace Relations Act. Then we had Workchoices in 2006/07, ostensibly good for employers. Then we have the Fair Work Act in 2008 which brought about all this...
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    Housing affordability improves as rates, prices fall

    I don't disagree with the notions of creativity creating new industries etc. It just won't happen in Aus - America maybe though.
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    Housing affordability improves as rates, prices fall

    From where, exactly?
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    Housing affordability improves as rates, prices fall

    Well people kept saying that the QE in Europe/USA was going to cause inflation of Zimbabwean proportions and raise interest rates. Yet the actual economies are deflating and interest rates are at 0%. In other words, no one has any idea what they're talking about. As Fifth said, interest rates...
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    Housing affordability improves as rates, prices fall

    Well banks' servicing rates have dropped a bit so that helps in some small way. Nothing major though.
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