aus property bubble reaches warp speed, page-13

Don't be a dullard Cook.

Our "household" income is around $100k
1.5x average male wages of $66k

We are currently around 5.5x household income.

What you fail to comprehend is a 1/3 of our property stock doesn't even have a mortgage.

And yet again, 2013 has built in a safety margin for all those clever people that took advantage of a flat 2012.
Most needed 20% + down too.