In relation to dual income, it has been the norm for easily 15 years.
There is a clear connection to the growth over the last 10 years in property and dual income, no doubt about it.
There is also the connection between property growth and stimulis, property growth and cheap credit. Interestingly, all three are now heavily affected in this current economy. Unemployment (two incomes into one), stimulis removed and expensive credit.
We can't forget dual income has also supported two cars, two TVs, two holidays, two dinner suits, etc. Now add the increase of cost of living.
The simplistic view of dual income supporting current property price levels is incorrect and fraught with danger.
