Also worth noting is that Fair Work Australia (what a name... ) just raised the minimum wage by 4.8%.
So they're going to raise the minimum wage greater than cpi or gdp how many years in a row?
And people on the minimum wage effect house price growth how?
The more I hear out of Rudd's mouth, the more I see annual rent increases being capped.....now that'd be a black swan........but then, that'd adversely effect tax revenue...cos IPs would stay negatively geared longer