passive -your original post....the bears will not relate to an income per house of $124,000
so lets use the census figures....$1234 per week median wage...equates to $64144 pa....so lets use that figure as the basis...7 times is around $450,000 for a house...
now that is more like it, for a FHB....
in the news somewhere today...the age or smh fairfax news are the biggest whingers on house prices...they gave examples of 4 recent FHB and the grants and stamp duty offers... they paid between $550k to $650 k with twins paying $900,000 are they mad ? where did they find this mob....why would they pay much higher prices than the median average house price ???
I would say that mob are not the norm..... but our bears are looking for a 50% discount of the median or 450-500k price bracket....like $200k for their houses, australia wide...
I really dont like their chances of snagging anything much under $400 in the outer suburbs...or regional areas cheers
