It would be foolish though to be looking for a property for 1M+ thinking that this would happen again and in the meantime increasing their debt from a few hundred thousand to something like 6-700K.
It would be interesting to know how they feel about the next couple having to pay an extra 500 pw to afford the same house they bought 5 years ago? Would they be prepared to pay that now. In effect they are just doing the same by buying their next house from those people who are upgrading...
Good luck to them if they feel they are better off now that they are upgrading.
