penny, I suggest you go and do the research yourself....I give up...I posted somewhere last week about the rise in wages was easily compared to the rise in house prices....try the rba.gov.au site for a start.
here is a good one looking at disposable income and house/interest rates
over the past 30 years, housing debt compared to assets has increased by 18%, total debt as a percentage of disposable income has risen 15%, assets rose 8.5%, and interest payments rose 9%...........sounds all fine to me, basically in line with inflation...*** note they are talking about disposable incomes/ ie excess to basic costs
nothing like the huge deficits you talk about in those figures there http://www.rba.gov.au/Statistics/Bulletin/B21hist.xls
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