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IMO the rules are fine, the problem is the high interest rates. If the government had regulated the lending market so people can't borrow without a 20% deposit and solved the financing problem the developers are facing, property prices would have been lower and properties would have been much...

Sunfish I think we are slightly off topic :) I've said before that the median price is not representative of the true market picture but we can't stop using it because it's what the official stats are based on. Should we be careful on how we use it? Certainly

Perennial bulls ? Haha SF you know us better than that. Our position over the years has been varying depending on market conditions

Ha ha these guys are hopeless. They'll never solve the housing shortage the way they are going because they are not addressing the root of the problem which is developer finance. They are looking at all the other problems associated with new developments but not at the one which stops...

The article below is proof that the RBA board is living on another planet. http://www.theaustralian.com.au/business/yet-another-rate-rise-may-put-entire-rba-board-in-the-tv-spotlight/story-e6frg8zx-1225849060385

WW Considering the wealth of this country we are the safest borrowers in the world and this is the reason why every1 is queueing up to lend us money. Why then do we pay high interest rates? It's a systemic problem which none has tackled before because it suits them. Both the government and...

Don't count on it, he stuffed up the economy last time around when he drove interest rates through the roof at a time when even blind Freddy could see the dark clouds coming. I wonder if he's going to make the same mistake again in an environment where the banks are sucking dry both...

SYDB IMO prices will continue to increase until there are no more buyers (because interest rates are too high or prices are too high or both). In this instance I think we've essentially run out of stock so prices will keep moving because of this but one day prices will be considered too high...

SYDB As interest rates increase the amount you'll be able to borrow will reduce. So if you can borrow $500K today, this figure will be going down as interest rates increase and what's affordable today might not be affordable tomorrow so I hope you can make up th difference with your savings...