The true measure of affordability is how long it takes the (say)...

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    The true measure of affordability is how long it takes the (say) ordinary man to buy something.


    Saying it was expensive ' back in the day when IR were 10% + etc is not valid.

    The truth of the matter is that for a young Australian to buy and own a home today, the mortgage is a greater % of their wage than it has ever been and house pricesto Avg weekly earnings has blown out.

    ( this is before the equity redraw to buy the commodore etc)
 
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