I've lodged a 190 visa (NSW) on 8 June 2017 then 21 June co contacted for additional documents and family's medical,PCC, which was provided on 1 August. There was completely slience till Nov 5 in which CO sent me an email asking a question whether or not my baby traveling with me? I replied to them on the same day that as mentioned in visa application my son and wife are non-migrating members. Therefore they're not migrating with me at this point of time. I will apply separately for their visa in future. Till now again silence and don't know what's taking them to finalised my application.
Housing is a major part of the economy. Some 60% of banking loans is ties up in unproductive housing. Obviously the banks have preferred to loan for over priced housing, with expectations that the government (tax payers) will ride to the rescue come a major crash. Small business on the other hand, a more risky proposition.
Hopefully an enquiry will be agreed on to look into banking, but won't hold my breath under Turnbull.
RBA has been dreadful as well to date. They should have stomped on the housing excess long ago, instead of perpetuating it. We are we are and must somehow attempt to find a way out.
An interest rate will certainly dampen housing. Not a bad place to start as Australia attempts to rebuild its economy. Not a bad idea to make the two main cities affordable for starters.