*I did preface that with-expensive housing aside.. For example: A friend of mine and his partner both late 20's working in Marketing for an Ad company. Both earning 120-130k pa. Renting a townhouse 10k from the city for $450 pw saving around $600 a week each. The world is there oyster, they are getting bored sitting on cash every week and are always flicking through realestate.com (and lets face it saving cash whilst a good position to be in is also mundane)but they are not ready to make the jump on a home because of all the negative press surrounding property prices and the prospect of more rate cuts. Once they get confirmation of an improved market they will jump in no doubt.
