mookie....you'd be singing a different tune if you had access to RP Data software so you can check "sales history"...there are vast regions in Sydney where most of sales in last three years recorded majority losses compared to sales between 2000-2003... not to mention amounts of interest payed to the banks (hence "only banks" refference) meanwhile...30,40,50 thousands $ per year interests (x3years,x4years)
i know that at a glance it looks OK (real estate and banking industries are working REALLY hard to make it look so...hence all those dodgy stats and lists with procentages and medians and...)
unfortunately it's ok only (in areas)where there is so much money that there never has been any concern about economy (they were set for life 20 yrs ago anyway...)
all other areas are sacrificing something in order to be at the same place (read: living worse off)....and that is in a booming economy !!!
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