it doesnt seem that long ago that they where saying in melbourne that the average home would be 200000, we all laughed....i think the problem will come from people spending the equity in there homes for extentions/holidays/cars/and a expensive way of life, that they probably cannot afford, with the increase of interest rates..then it will hit the fan...unfortunately for some..as the piper has to be paid eventually..this is my view.. have a good weekend
