Australian property downturn reporting

Thoughts

Every news story reporting on Australian property during the boom discussed investors, with nay a single toss given to renters, or those buying a home to… get this, live in. I know right, what a concept?

The same narrative is playing out now that the market is correcting. I had to go twenty nine paragraphs into this ABC report titled House of Cards to get this:

Tough times for investors are unlikely to garner sympathy from a growing number of Australians who will never have the means to buy their own home, let alone amass a property portfolio.

No kidding. You’ll also be shocked to learn renters weren’t mentioned.

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