aussie home ownership dream starts to fade , page-6

Thanks sharedawealth,

Statistics published by AMP Capital show that now it would take 9.6 years of the average income to buy the average house in Sydney and 9 years of the average income in Melbourne.

The above sentence is the crux of the matter, house prices have too, must do and will go back to the long term average income to price ratio - therein lies the competitiveness of the nation.

One does not own property, property owns you.