One quarter of one per cent – confirming (again) that Brendan has no power to influence anything. Tip would have got it down a half. If he was in charge. If he could be bothered. But they wouldn’t back him last year, so he’s had enough. You’ll have to beg him to come back.
Then, and only then, will the Great Australian Dream of affordable houses for home-buyers (and investors), booming property values for home-sellers (and investors), rising wages, stable (maybe even falling?) prices, full employment, low taxation and excellent public infrastructure and services be realised.