- 10 November 2015
Whose Crystal Ball Is Telling The Truth?
The bank monopoly beat up, not their share holders but, their customers.
However, APRA's chairman Wayne Byers just last Friday said, "rules that have forced banks to hold more capital have made them safer and as such investors should require marginally less return".
It seems that Byers crystal ball is cloudy. He does not realise that there is a monopoly. In a monopoly the free market doesn't set prices - the monopolist does.
Byers' crystal ball is equally foggy on his claim that Sydney particularly, and then Melbourne prices are booming out of control and that he has to prick that balloon by restricting loans to investors. He is ignorant to the fact that the previous cycle saw Sydney and Melbourne "ballooning prices" go higher than they currently are. Then as now, more supply came into the market to correct it and level off price gains...
Related Posts
New Lines New Lives: How Rail Is Redrawing Queensland’s Coastal Growth Story
The Sunshine Coast and Gold Coast have long been known for surf and holidays. But right now, both are being redrawn not by the tide but by transport lines. The next decade of growth in Queensland will be built along the tracks. The Sunshine Coast Rail project and the Gold Coast light rail expansion are reshaping...
Living Too Big for Who We’ve Become
Queensland’s housing market has an imbalance that is quietly reshaping demand. Across South East Queensland, 62 per cent of households are one or two people, yet 72 per cent of homes have three or four bedrooms. It’s a clear mismatch between how people live and what we’re building. The new household reality is...
- 11 November 2025
More Than a Boomtown
WA’s lifestyle pull is powering the next wave of smart investment. Western Australia is back in the spotlight and this time it is not just resources driving the boom. The state has become Australia’s lifestyle magnet, drawing new residents from across the country and around the world in record numbers. According to...
- 30 October 2025