bears say it like it is, page-3

Trashcan, a big part of your argument is that property is too expensive because people have to gear themselves to the eye-balls to afford the average property on the average wage @ $50K.

You are assuming the average wage earner @ $50K is going to always have to buy a property at an average price of $450K.
Clearing those in this bracket would only be able to afford a cheap townhouse or cheap unit on the suburban outskirts.

I also doubt any bank would lend 9 x average wage, unless they were not going to live in the property and rent it out, in which case it would be more like 6.5 times average earnings ($50K + Rental Income of est $370 per week).

A lot of assumptions, not a lot of evidence that this is the case in THE REAL WORLD