tell that to all the renters and buyers alike, fighting for survival.... have a look here, at the amount of money one requires, to live in the only place the bears prefer to live....in the inner city
there is also a map, showing the suburbs by income in that map.... all the blue suburbs are for those on incomes below $1400 pw ..... For suburbs where the average weekly income was under $1,400 per week the median house price was $251,000
*****what the....house prices in Melbourne at $250,000 unbelievable ???? no way, the REIV must be lying....ask the bears ... it is 10 times their income...
http://www.reiv.com.au/News_Publications/News-Archive?newsID={BCB441E6-D33E-4A0A-BDBE-53B2CD74D2C6}&title=A comparison of income and the price of housing