The economy is being driven by a ‘bankocracy’ housing boom
A political conspiracy to increase property values, and win votes, is being amplified by a banking industry that wants to increase profits.
The problem of housing affordability now dominates the national consciousness and has affected the lives of everyone, dividing Australia into those who own a house and those who don’t; those whose families have housing wealth to pass on and those who don’t.
And what’s more, most people now believe the way to build wealth is to buy a house, then another one, and another one after that, or to keep upgrading the one you live in. Or both.
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