News - Planning & development

Breaking into the housing market is a tough ask in Canberra anyway, but the recent interest rate rises haven't helped. And now the predictions of another four rises by the end of the year are making it downright scary - particularly for those of us building new homes around Gungahlin!
 
In this City News article, Alex Dunnin suggests the Reserve Bank's methods are failing, and just funnelling greater profits towards the banks.
 
The solution may be to rethink the tool they are using - to look seriously at how the Singapore Government uses superannuation fine-tune the economy. A key advantage of this method would be the ability of people who get into trouble to access some of that super to bail themselves out. Much better than the current method which relies entirely on sending people to the wall!
 
Let's hope some people up on the Hill are listening...

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