My final bugbear is that of allowing foreigners to own Australian property.
I don't mind anyone of any race, religion, or company owning Australian property, as long as it is or they are Australian citizens.
An Australian company is one that is not only set up in Australia, but can also prove a majority Australian shareholding, and not an Australian company that has an overseas holding company.
Regardless of what the banks tell us, this and banking deregulation, together, have a profound effect on housing prices in Australia.
The major problem that I posted years ago, which is coming home to "roost" now, is that our new generation of Australians are being pushed out of land and home ownership. The trend indicates this problem getting worse as time gos on.
Over history, over the world, this is the very catalyst of major civil discontent.
It will be interesting to see in the future how Australian governments cope with major portions of future Australians being "shut out" of home and land ownership.
Excuse my Xenophobia, but it does point towards a violent and fractured future.
Happy 2014 everyone!