Stephen Mayne
đ€ SpeakerAppearances Over Time
Podcast Appearances
Inflation's above the target.
Bang, bang, bang.
And we've discussed this before, but you're not a supporter of changing the 2% to 3% target.
You think it's basically world standard pretty much, isn't it?
I mean, it's not really a case for changing it?
I agree, 0% to 3%.
Yeah, there you go.
Craig, we've fixed it.
Matt, it's an interesting question.
It's quite long, though.
A question on whether the property playbook that worked for the boomers still works for younger generations.
Think about what drove the 40 years of property gains.
Interest rates fell from 17% to near zero.
Dual income became the norm and doubled household borrowing capacity.
Credit deregulation opened the lending floodgates and the tax settings were calibrated when prices were a fraction of today's.
Most of those tailwinds are now tapped out or reversing.