I agree that there are many factors affecting house prices , ng being just one of them .
No one seems to mention the taxes and red tape . Here is a link to a Master Builders blog where it is discussed .
http://www.isanybodylistening.com.au/index.php
One aspect I find interesting is that home ownership has remained remarkably constant over a very long time . In the 60 to 70% range I believe ?
If property was more affordable 25 years ago in wage terms , why has this ratio remained constant ?
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