housing prices howards shame, page-17

The price for a block in Geraldton is $87,ooo.and to build a modest home is $87000,so thats only $174000..mortgage is about$1200 per month....thats not the problem....it's people who have used their equity in their inflated inner city homes to buy inflated inner city investments and have a debt of $600,000+ are those who will be hardest hit...