"what you sugest though is only for a small fraction of the...

"what you sugest though is only for a small fraction of the population. the rest cant do it. "

If they can't sacrifice for something that is important to you them then that is their problem.

"look at the thousands of full time jobs out there paying $35K - $55K these are normal wages for nearly half the population"

If you are on bottom end wages and are single then you won't be able to buy it is as simple as that.

"$41K after taxes.. cant save deposit while renting. outer suburbs up to $500K dropping down to $300K on the fringe."

Okay for a $300k property assume rent is $300pw = $15600
Which leaves $25400. Now out of that you should be able to save at least $5000 (if you are really serious). Yes it will take quite a number of years to save up a good enough deposit so that is why a 2nd income is required. Alternatively if you are single why not share a room in a house for $100 pw - that way you could save $15000 per year. There are ways to get what if you want to do it. Reality is 4 years of sharing will give you a 20% deposit.

"this is why debt levels keep climbing, people not earning enough anymore in comparison to the cost of housing..

house prices have got to correct, you cant keep building debt for ever."

No major correction is required all that needs to happen is possibly a 10 to 20% correction with a period of stagnation to allow incomes to catch up a bit.