no surpirses here..., page-3

http://www.guardian.co.uk/commentisfree/2013/jul/24/australia-housing-shortage-debt

Under the current wage to property scenario it's approx 10.8/1

If property prices were to double then the ratio would be blown out to 21.6/1

There is no way that property prices can go to those heights without considerable increases in wages in Australia.

The serviceability of the debt would be unmanageable.

If Australia does go into a recession then times will get even tougher.