"An increase to the global risk free rate - US interest rates."...

"An increase to the global risk free rate - US interest rates." US rates will only keep rising while the US economy keeps expanding, hence, Oz being "leveraged" to global growth would continue to see increased business investment that would largely offset weakness in dwelling investment.

"In Australia, Dominos pizza is cheaper than supermarket frozen pizza" The $5 pizzas are loss leaders to grab market share, they are not a sustainable business model. Ask any franchisee, an extended reliance on that range would drive DMP into RFG territory quicker than Meij can roll out the delivery drones and autonomous vehicles.