If one believes house prices can continue to appreciate in price...

If one believes house prices can continue to appreciate in price at the rate they have experienced over the last few decades without wages exploding to compensate, one has rocks in their head. All bubbles pop.

If we are to believe house prices will gain another 8% yoy, the average Sydney house price will be $16.6m in 30 years time. Either bread is going to be $50/loaf or house prices will reach a ceiling and be known as a terrible investment compared to the stock market, which was the norm prior to 2000.