Of course there will be many Australians who won't believe him. After all, property prices have been increasing for 40 years, why would that change now?
But it can't last forever. Eventually it gets to a point where people simply can't pay any more. Add to that stagnant wage growth, tighter lending criteria from the banks, massively overpriced property (some of the world's most expensive), banks increasing interest rates on people already struggling, and the banks being ridiculously exposed on property loans, record household debt, and you pretty much have all the ingredients of a major economic crash in Australia.
I hope this gov will be gone when it does happen. They don't have a clue.
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