property 20 years lockout, page-41

Can't be that difficult to increase the grant for 1st home buyers, depending on savings and wages. And only make it available to citizens. Giving the super boom surely the governments are all cashed up? Where's all this boom money going anyway? Health care is not all that great, all roads in Sydney and other places are due for a major touch up, infrastructure in Australia is close to third world country status, broadband is beneath third world country status. So what's the deal?

There is no way wages will go up so even being able to afford the 10-20% downpayment is nearly impossible, for most.

The only way for most is to invest in the rising share market, and leverage to buggery on top of that.

No wonder debt and leverage levels are ultra high. The high property prices are to blame. And no wonder the savings rate is negative. After mortgage/rent, car payments, petrol, bills, food and other expenses there's not much left. Again, thanks to this leveraging into the stock market is the only way to keep up or get ahead.

Leveraging - a word that will be remembered for a long time when the bubble finally goes bust.