the age newspaper, ordered this inquiry into melb housing affordability....what they found was that, apart from being grossly unaffordable for most fhb, the cheaper suburbs house prices had increased in 115 of 139 suburbs
I doubt Qld is much different, and qld has mining, coming to a town near you, soon...
extract...........
''Looking at the median price for the whole city sometimes doesn't give you the full story of what is happening,'' APM economist Andrew Wilson said. ''There's certainly been a softening in the upper part of the market, but the situation can be much different at the lower end.'' House values in 115 of the 139 suburbs still priced below the city's median are either holding firm or increasing.
