As ive said before im waiting for property prices to come back to a ratio of 5 to 1 property price to yearly wage, crash or no crash thats what im waiting for to enter the market. the 40% has been thrown around because thats whats needed to bring the ratio back to a sustainable level, or there needs to be low, no, or negative property growth while the average wage slowly climbs up too reach that ratio. Im also interested to see what happens when the cheapest houses and suburbs on the market get close to reaching the median house price level, because over the last year ive noticed in perth the undesirable suburbs in perth coming up in price while the rest stay neutral or slightly go down, it cant continue forever
