Our Bondi pad: A snapshot of generational betrayal as it sells for seven times what we paid - Sydney Morning Herald

The consumer price index fails to account for the biggest factor affecting most Australians’ material decisions.

A first way in which this punishes the young is that the low interest rates we have had, in response to flat official inflation, has liberated existing home owners to borrow and buy more, driving up … [+2772 chars]

full article...