at least when interest rates were up at 17%. then there was a good chance that they would go down. when interest rates are at "record lows", then the only way is up. it all has to do with affordabiltiy. a housing loan taken out at 17%, on a house which could be afforded (even at 17%) becomes incredibly cheap (by way of repayments) when interest rates fall. buying a unaffordable house, at low interest rates, becomes a nightmare, when rates increase
the answer might be to live in the western suburbs produce a lot of kids and live on middle class welfare
