Lets compare apples with apples. Renting at $150pw shoots your credibility MF. You must be renting a room with someone to pay that in a city.Even in the country that money would get you a hovel.
No credible reference to a drop in price in the last 5 years, quite the opposite.
Has been on the up hence the comment from the RBA.
rba warns fhb's this is not time to buy, page-53
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