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RE: Australian housing crisis - coming soon!

in #money7 years ago

And this new government budget initiative to allow first home buyers to save for a deposit via there super fund will only make matters worse. It is ok though because the Sydney property market and super fund values should all crash well before they are ready to buy anyhow. SK. ;)

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And that's part of the generational damage being done. I've long expected super to be nationalised via some patriotic sounding mechanism but to see demand side support so politically ingrained makes me brace for impact.

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