investors return to the market in droves, page-12

I wouldn't say cheap as chips. They will be affordable when the dust settles.

However being affordable, average house price has to shed around 40%-50%. That's still not cheap.

That's how dangerously inflated Aussie house prices are.

To be cheap as chips (taking account of inflation over the last 10 years), the median house price in Melb for instance have to drop to around $200K.