Unfortunately kingy I did not see your reply before it was moderated. Please post it again without any put-downs so I can understand your eastern suburb point of view. The average wage in Australia is about $70000 so at 4.5x the houses would cost $315000. Clearly that is not the case. At 9X the houses would be $630000. Which do you think is closer to the average price of a house in the eastern suburbs?
Of course you argue that the average income is higher, but by how much to make the house prices closer to 4.5X than 9X?
