It's just too expensive for young people. Further to this people like myself who would be looking to buy but is expecting a correction sit it out which inevitably makes a correction happen.
That being said houses where I want to buy are dramatically cheaper then 2 years ago.
I also think falling house prices will mean a lot of negative gearers will want out which will further push prices down.
Annoying because I'd like to buy but I guess I'm stuck renting for the mean time...
