LE,Did you not recognise as of 1/12/08 you now need minimum 10 -...

LE,

Did you not recognise as of 1/12/08 you now need minimum 10 - 20% deposit to get a loan.

thats 45-90K deposit on the average 430K home. What % of first home buyers have those kind of savings. % of buyers will decrease and rents will go up slightly because I think many will share or move back with parents to save costs and get thier deposit up

the FHOG is of no benefit assuming stamp duty negates it. fundamentally the banking system is forecasting a risk of property falls to absorb your deposit as a loss of your equity.

cash and gold is the best 12 month stategy.
the high yield stategy would have cost you 10% capital loss today on CBA and I predict another 20%+ falls for banks.