u should probably read further...disposable incomes are up, and it is the disposable income that gets you the house...not the wages....so two wages per house up 5.4 = combined rise of 10.8...that is more than enough to cover the increased house prices of 7%
pessimists see only the perceived bad news, optimists see the good news
extract....from the same article....
CommSec chief economist Craig James said it was not all bad for aspiring homeowners. Disposable incomes have been rising by around 7.4 per cent a year in line with Sydney's forecast average property price growth of seven per cent a year to 2020.
Mr James said while the cost of utilities will rise, other services such as communication and household appliances are likely to fall.
"It's likely we'll see the cost of communication, household appliances, even travel become cheaper over time; that will free up extra dollars.
