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Or down my way - 1 hour from the CBD: http://www.realestate.com.au/property-house-vic-dromana-119649291

Yep. IMO it was a bad move; was always going to allow folks to pay more - and they did. The Gubb is always between a rock and hard place; stimulate the economy and appease the masses temproarily and hopefully improve the economy in the process...or cut spending, tell everyone to pull...

That's ridiculous. Conspiracy theorist... The media report on affordability partly because of talk around the communities by a noisy minority - on social media, no doubt, (and partly because half of the media are the ones who it is affecting and it's their chance to sook) and a comparison of...

To me, a crash would have to be a "perfect storm" of factors (in Aus)... 1. Sudden or rapidly dramatic increase of interest rates making serviceability difficult. 2. Higher than usual unemployment, and high (media) profile of mass job losses in the community.. 3. Weak economic outlook...

The history deniers are usually (but not exclusively) the younger folks. Old pr!cks like me then come on here and argue against that. Only because we have seen it before, and the old adage of "there is nothing new under the Sun" gets trotted out. The current catastrophe is the affordability...