are property bears an edangered species ?, page-54

  1. 1,469 Posts.

    kingy, if people said that they were not looking at the facts

    as above average income earner in australi takes home $42K net now.

    average rent is $450pw / $24K
    average mortgage is $360K / $39K in repayments at 10%

    if the cost of housing doubles then its outside of income.

    since 2000 wages are up about 30% and housing is up about 130%, so obviously could have doubled from back then as it has. but its dont so at a big price to the economy

 
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