Still a few suckers left to take up life time mortgages that will never be repaid.
To think that an average house in Melbourne or Sydney requires a mortgage 9 times the average wage............lol.
It will be 3 Times once again, just as it was in the 60', 70's, 80's and 90's before late night property spruikers, low doc loans, negative gearing and the mining boom.
Australia awaits the collapse of the bubble that has been fueled by first home buyer grants, gst compensation, rising AUD, commodities boom, record skilled migration and generational low interest rates.
