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I think you just boggled my mind! Never considered debt to be part of my 'riches', I suppose reducing it makes me less poor.

Inflation hit 15% per annum here in the 1970s largely because of the OPEC crisis and crap Government, didn't really get below 5% till the 1990s when the central bank made it an issue. Spent a lot of time around the 8% mark.

Here we go, found this; http://www.statista.com/statistics/271845/inflation-rate-in-australia/

Yeah, hopefully never again, but it can and does get out of hand. The last ten years here compounds to about 35%. http://www.onthehouse.com.au/sold/history/173423/ About right according to this.

Property doubles every 10 years! never quite know what we are saying here, real terms? or nominal terms? When inflation is running at 15% per annum (or 27% UK 1970s) then of course prices go up. Doesn't mean to say you get any richer though. And with various political interests...