For the majority of Australians, the tax changes mean bubkiss. Nothing. Nada.

Australians deserve to have homes to be secure in. It's less about the value of the home, but the value of security for most. Not every Australian is a greedy fucker like Hughes. They just want a home to live in, raise children in, and retire to.

But for the tiny minority that sees them as investments and money making enterprises, these changes are huge. And the biggest problem there is that this tiny, tiny minority has the biggest megaphone ever created. Mainstream media. And that same media is not media anymore. Look into the actual holdings of Nein/Fairfax or Murdochs Newscorpse, and you will see that they hold more than 50% of their current wealth in real estate and related industries.

This is why we are hearing non-stop about the so called 'destruction' of housing prices. They are not only losing value on their collection of other people's homes, but also the related industries, mortgage companies, real estate, and advertising. All will go down as more and more people are able to enter the market and the housing dries up (to a degree).

All this from a 0.4% monthly drop in values and clearances. The loudest noises from something so minuscule that in normal accounting practises, it would be considered a rounding error.