Same or lower than 5 years ago...maybe in western sydney but...

Same or lower than 5 years ago...maybe in western sydney but perth has doubled in the last 5 years...melbourne close to double...darwin double...adelaide close to double

Median houe prices in most capital cities are now around 500k.
The average wage in most capital cities is around 50k

Its a mess...my local member for land release doesnt want to release land as she states house prices may fall at the same time their is a 1% vacancy rates.

If the economy goes into reverse who nis going to be able to pay back all these massive mortagages...there should have been more lending regulations put in palce rather tha n loosened in the last few years.

Sad state of affairs by short term thinking of govts and banks etc and cheered on by real estate agents and property investors...what good is all this for australia that speculation has become more important than shelter

Yields of 5% is nothing...interest in close to 10%...then add costs etc

House prices should be brought down by tightening lending standards and a change to the tax laws