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i think people need to step back and look at what they're building. builders will advertisae a huge house that cost a bomb because there's a bucket of margin in it. there's minimal margin in smaller homes - because it can't be justified to the average joe that a smaller house still has 2...

but the rest of the world is services (UK / EU) or consumer (US/ EU) based - not manufacturing or resource based like China/India/Australia...

but your coal seams are raped and pillaged, was it 3000 mines back in thatchers day down to 15 today? and we've only just scratched the surface of ore and lithium and uranium and diamonds and tantalum and.... 56% of exports is huge - but only 10% of our GDP means that the value of said 10% must...

nope - because they have what everyone else is offering - service. Australia have what the world wants - commodities.

negative interest rates - as in, the govt PAYS you to own a home....? understand the Netherlands - didn-t they bring forward a lot of construction ala USA?

sorry - since when, after Thatcher - has Britain been competitive for anything other than tourist dollars?

absolutley. couldn't agree more.

why is it that a nation founded by immigration now has a problem with migrants? why is he worried? is it bad? how? where is it explained? OO's are going to be "forced out"....of what? a house going to auction? cry me a river. auctions are set for the highest bidder - it's like TC having the...

and that's why we have everyone wanting to live here, including the thread-starter, which is why property prices are so high, because we have bugger all of it.

great post - buy where you can afford and it WILL be affordable. people whinging that Toorak is overpriced need to re-adjust their sights a little.

i don't think so - purchasing property has to do with little johnny's free trade agreement.

mate - that's a Q for a whole new thread.

and if credit is easily available, then disposable income rises, regardless if it's borrowed or not. and that's 4000 posts :)

you also forget - australia has one thing the UK doesn't - resources (okay, so you got coal...). the UK has been selling services since thatcher. suddenly those services weren't needed and/or there was an oversupply of said services.

and what do you base the fact that prices should fall back here in Australia? because the dollar's higher and the prices are higher so you can afford less on exchange rates? because of the gap between mortgages and rents. newflash buddy - rents are rising - fast. no gubment is gonna sit by and...