Great post lispingduck everything you have said is spot on, Only thing I would change is how you said numerous places are now more affordable 11 years on as I would say majority of suburbs would be more affordable now. Forged is no doubt a Perth based real estate agent. If you spend 10k on some shares and it drops by 10% you are only down $1000, When you spend 500K on a property and it drops by 10% over a decade you are down 50k not including maintenance costs and rates etc. Wages aren't set to rise for another 3 years and Perth property prices are still dropping so I just don't see any rush to buy in the medium term.
