have u still got your head in the sand, page-44

"The Perth property market is turning around for long-suffering home owners, with median home sale prices lifting to their highest level in more than six months."

That is an interesting statement. Lets analyse it a wee bit.

Perth's long-suffering home owners? If they own a home that they live in, and if they have a mortgage, why are they suffering? After all, interest rates are heading down and we are continually being told that the median sale price for homes is on the up.

Maybe they are suffering financially because they weren't prepared to save enough of a deposit before committing to purchase their home.

Maybe they are suffering psychologically because they see their home as an "Investment" to be flipped very couple of years rather than as a roof over their head and a place to raise their children (if they have any).

Maybe they are suffering because they have also borrowed to the hilt to grab one or more "Investment Properties" (aka known as units/apartments/flats/houses-not homes) - at inflated prices, which have since dropped in "Value" (????) and put them underwater, have been trashed by ungrateful tenants or else can't be let out at a rental sufficient to cover the outgoings.

All part of the fascinating tapestry of modern life woven for us/by us since the latter half of the 20th century. Maybe time for a new paradigm?