some interesting comparisons, page-59

Passive

again, you ignore the key fact, if housing goes up any more Australians cant afford to buy it anymore.


imigrants? they are not coming into the country with $500K cash on them. Most imigrants are on average wages, and come to australia with nothing.

imigrants come here for a better life, its easier for them to buy a home now back in their own country. some are headed back home allready.

do you think 90% of the population is on over $100K P.A or more?

30% or on less then 22K, 50% are on less than 55K


Seriously if housing doubles again, the cheapist homes will be $400K in outer suburbs.. with typical homes around $900K i would be very suprised if more than 1 in 5 working people could afford to buy a home if they started off at $400K with the median around $900K

how can the average person on $55K or your imigrants buy a home? with $300K borrowing power from the bank?

I dont get your point on employment, of course its low at the moment, we were going through a boom.