australia headed for the perfect storm, page-96

Funny, when property prices got to $100k people complained they had become unaffordable, then when it got to $250k they became really unaffordable and people who had not wished they had brought when they where $100k.

With the average around $500k I bet it's the people that didn't buy previously that are complaining property is too expensive.

After every property boom prices dropped back a bit but always recovered, there is a well established investment cycle that happens all the time.