28 January

There are still people who think Ozzie house prices are too high because of a lack of supply. Not enough land release etc. "It's all supply and demand", that sort of rubbish. Property developers have used that one for years, it makes them rich. New land release in little old Lithgow, $200K+ to get an empty block less than 1000 square meters. Yeh, the problem is supply, *cough*.