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It is basic math. If 10% price growth continues, most young families will end up living in caravans or cars.

Yes, saving is better than borrowing. I will save the entire amount of a house in 3 years because that is feasible. Never been a better time to buy.

The market is easy to get into. I love leader. Never been a better time to invest. Thank you for showing me the light.

In the year 2020, thanks to property speculation and continuing 10% growth most children will be so poor they won't be able to afford books anyway.

Let's talk about a $350k property. In the old days (when property was cheap ) you would need a 20% deposit plus purchase costs - in cash with no FHOB to help - to secure the property. That is $70k for the deposit, plus about 6% for the purchase costs = $21k. A total of $91k in cash. The loan...

Can't afford anywhere, thats the problem.

A 70k deposit. Fanticiful numbers, just admit that housing is unaffordable and starter is not giving us the whole truth of his 350k loan for a 2 bedder on a graduate salary (most likely a grad salary times 2 plus help from the folks)...

Most of the people that have been living in a particular suburb for a long time could not afford to buy in that suburb if they were to make their purchase today. That is what you seem to be missing. The impact on banking stability might be related to that 20% figure, but the affordability...

How can an intern service a 350k loan ? I'd love to see the math on that one.

No you misunderstand. For that to be the case their incomes would be too huge to be feasible. For example, a 350k loan will cost you about 1350 per fortnight. For that to be 20% of your income, you must be earning five times that amount after tax. Or an income of $280,000. The point is that to...

Tax concessions have little impact on encouraging construction. Most negative geared properties are existing dwellings, not newly built houses. If these concessions were only few newly constructed dwellings I'd agree with you. These facts, make your argument nonsense.

They say illogical people have difficulty understanding the concept of time. What % of his income does he pay on 350k a year mortgage ?

Reality ? i.e cannot afford to borrow 350k ? Not sure what sort of grad program he was on. Coulda, but didn't. Also 3 bedders in the ACT are not 350k.

Two words Dual. Income.

The average will include the baby boomers who paid $4 back in 1980, so it'll suggest affordability. However, people with small mortgages don't often default, so looking at them is pointless. If the newer crop of slaves start defaulting and the even newer group can't afford the asking prices...

A person would need to be seriously deluded to actually believe people would prefer renting to owning to save a couple of hundred dollars a week. Have you tried renting these days ? The only people for whom this is a long-medium term are people on very high incomes who have other investments...

It is not useful because they all purchased at different times.I'd address an argument if you had one. All you've done is put random numbers on the screen. I

It doesn't matter because they're not buying their property now, der.

Hatred of the younger generations does not make a fact. Anyone who has rented for a period of time knows that owning your own place is superior for many reasons. I suspect the people you speak of are high income earners who have access to other kinds of investments which they can see a greater...

I might be wrong or right, but that does not make the hateful barrage of logical fallacies and personal attacks seen on this forum any less laughably wrong. Anyone who can't see a shred of risk in the current market and why a FHB would be hesitant to buy in now with the turmoil around the world...