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Yeah, but you've paid all that interest. If you hadn't been paying for a house, you could have put the interest into another asset, then "the magic of compounding" would have made you rich. It's all a question of interest rates vs. house price growth, isn't it. Our interest rates have been...

Because the RBA doesn't track housing prices (only rents) into their CPI. So they don't jack up rates in a housing boom. Inflation has been artificially lowered by ignoring housing, and temporarily lowered by Made in China (which will only get more expensive). But that might be changing, if...