It doesnt matter how much parents give their kids, well to be honest most kids dont have mum and dad buy it for them its a small percent that do or help out..
but regardless. how does that change the price to build a house? it doesnt.. wages/material costs efect price of a house.
supply and demand is what moves a price at public auction to how much profit is made on top... and now supply is up while demand is down.. thus prices are falling.
and its not just the AUD thats dropped against the USD !!! you seem to think its only the AUD thats fallen?!?!
thinking over seas investors are going to buy housing in australia is just ludicres.. housing is cheaper in the states... the americans are paying about 3x their gross anual wage on a house, while us aussies pay 7x
why would over seas people invest in our property which is the most expensive in the world (after auckland)
