Housing investors follow Hockey's lead

Voters who were against the government's debt position are also rushing to lock in loans, before rates rise, to try their luck in property.

Democracy is predicated on the idea that voters aren't silly – they make the right choices ... eventually.

And so it appears to be with the nation's understanding of debt. During the turbulent, acrimonious Gillard years, 'debt and deficit' became one of the three big sticks that Tony Abbott used to beat the Labor government – the others being 'carbon' and 'boats'.

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