tcisboss
looks like the age reports the figers from the REIV which are the people who put out the figures.
http://www.reiv.com.au/home/inside.asp?ID=162&nav1=652&nav2=162
Warnie!
lets look at where this all starts at the bottom of the scale.
Interestingly the cheapist 5 houses sold were 275K / $306K / $310K / $310K / $311K
so looks like the cheapest house to go at auction now is around $310K
looking at seek.com.au there are thousands of jobs all around $45K for adults. which is $700 a week net.
Assume somone like this saved up $15K deposit to buy a house, they would need a loan on $295,000 which is $575 a week at 9%
that means they have $120 a week to live on for food/insurance/petrol/bills/car loan/clothing/etc etc
no wonder the economy is screwed with no one spending money on retail anymore!!
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