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And of course we all know there is a shortage of housing, because they keep telling us so! :rolleyes:

You need only cast your mind back to after the election before last when interest rates went up and the papers started running front page stories on rising repossesions and people were crying blue murder because John Howard said "rates wouldn't go up under a Liberal government", yet here were...

Low interest rates mean a whole heap of people that couldn't borrow at higher rates could suddenly afford to buy. Add to this the extra stimulus of the boosted FHB grant and you suddenly have a lot more money available to a lot more people to go and buy a house. Throw them all out into the...