we mean we thought that was literally

The opposition and property groups have blamed the figures on the negative gearing and capital gains tax changes. Liberal housing spokesperson Andrew Bragg said the deterioration showed confidence in the market had tanked and argued, “Loans to everyone are down. No-one wins from these crazy taxes.” But Housing Minister Clare O’Neil welcomed the fact that homebuyers fared better than investors in the data, saying this was what the tax changes were meant to achieve. “Volumes are down, as you would expect in a period where prices are softening. But these figures also clearly show a strong shift away from investors and towards Australians buying a home to live in,” she said.

the point, so we guess they really are the expert economic managers after all