aus property bubble reaches warp speed, page-7

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    Sector, not a dump, a three bed semi in Rochdale. Second one was a four bed detached, brand new, in Bristol - hence the price difference; houses in the south of England were much more expensive. Of course, the mortgages weren't that big because you had to have a deposit. That's what I'll be telling the great-great grandkids in 2068 - explaining the concept of "deposit"!!

    I know it was England, but property prices have gone the same way there as here.

    An identical one to the Bristol house sold for $199,950 this year. I don't think wages have risen by 36 times since 1964.
 
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