According to the treasurer: http://www.treasurer.gov.au/tsr/content/pressreleases/2006/061.asp So what does this mean for the "weight of money" theory that the market will just have to keep moving up and that there's a paradigm shift on the way as a result. Will all that cash chasing a home lead to an erosion of the risk premium, i.e. the return we expect for investing in assets riskier than cash? At the big end of town, there seems to be a compression of banks' interest rate margins and private equity firms are paying prices that would have been unheard of a few years ago to buy assets... What do ppl think? Is there a fundamental shift in pricing of risk going on or am I just falling for the old "this time it's different" view... Cheers N.