"Argue all you like but dual income plays a big part for the very reason that you can borrow more."
UT how about you post some evidence that, in the last decade, an increase in the number of dual income households has increased the median disposable household income.
Why not post a chart of disposable household income, which factors in dual incomes?
About eight years ago it would cost around $160/week to service interest only payments on 4x2 house in Perth, 16km from city. That was cheap (or at a minimum affordable), by any metric, any entry level full time income could service this (even the minimum wage). So you're telling me that a trend has emerged *only* in the decade where we've moved to dual income households?
Current investment seems to be driven not by cheap housing stock, but by the expectation that it will continue to rise strongly, or fear of missing out (not convinced of latter one). Not the sort of climate that goes with a stable market.
