Buy, sell or hold?


The Reserve Bank of Australia and friends have tried hard to slow housing prices down.

They have charged self-managed super fund borrowers punitive interest rates, restricted foreign buyers to new properties, eased some first home buyer stamp duties, limited interest-only loans, lifted loan eligibility criteria and cut back some tax depreciation benefits.

But it has not worked.

Australia now has an average household debt that is 190% of the average household income. That’s an all-time high, and close to an all-time world