Since peaking in 2017, Sydney’s top quartile values are down 17.1% and Melbourne’s top quartile is down 15.8%, with both cities recording much larger falls across the top quartile relative to the broader market.
Median house prices may get to $2 Million and a can of beer $25, but wages are not growing at anywhere near that rate. That is a problem I'm yet to see an answer for.....expect the inevitable answer of ' even more debt and even lower interest rates'.
Jul 11, 2019 - The mean household debt has increased by 79% in real terms since 2003-04.By comparison, the mean asset value increased by 51% and gross income increased by 38%.
In 2015-16, around three quarters (74%) of households held debt, and the average household debt of all households was $168,600.
