house prices have been rising on average at 8.5% for the past 24 years...regardless of what the interest rates are.... only the banks benefit from the rising rates and the depositers the rest of the economy hurts....small businesses and jobs the rba has no idea...like the govnuts, could not care less about the people this chart only goes to 2006...but if you just keep multiplying those figures by 1.085 you will come very close to the current median prices
an extra $50 a month is not going to hurt too much...and its not going to bring prices down.... all clustered and striving to live in the middle of the city is the reason prices keep rising.... there is no such problem in the outer suburbs
