Yeah, this is the country where the Prime Minister was asked point blank, "What about the young people being priced out of the market?" and answered (paraphrasing) "Well, the people who already own homes are doing well." In other words, if you don't already own real estate, bugger you. Not a real surprise coming from the conservatives. The flipside is that every time the Reserve Bank thinks about raising interest rates, the sitting government starts sweating because they know they'll be blamed for it. Real estate is insanely overpriced in this country, particularly in the capital cities.