Median house prices in cities will allways be controlled by the borrowers ability to repay the mortgage.
Very simple really.
And in parts of Sydney/Melborne/Brisbane that ratio of debt/repayability is getting very very tough for the median house buyer.
So.
Take your profits now.
Trade up for a place in paradise.
CAIRNS .....
Beautiful today (27C - now 20C)
Perfect tomorrow.
Just love Farr North Queensland.
