Finally, someone telling it as it is....

[ILLaViTaR]

Pretty clear cut it's got nothing to do with excessive spending since the percentage of wage to property values back then was marginally lower... That old excuse has been proven invalid yet people still use it. Everyone actually knows they've more than doubled but self interest keeps their hands over their ears of course... and everyone should also know the 1999 50% cgt exemption is completely responsible for all of it. Everyone knows this is what caused it so I don't get why people pretend to blame iphones and grog. We know people are wasteful but that's completely irrelevant to property inflation. I mean... obviously if that was the case then there would've been no inflation and the reason would be that.. derp

Not so static after 1999 as we see.

http://en.wikipedia.org/wiki/Austral...ousing2013.JPG