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I'd be interested to hear what that $500,000 in 1991 house would be worth today. Any guesses?? This scenario just waters down your argument. Not sure why it was even used. You're reinvesting the dividends (rent from the property) and the $28k as well. How is that a fair comparison to renting...

Yarramick, if your wage doubled over night how much money would you have to pay a mortgage? If my wage doubled over night I would have about 3 times the amount of cash to pay off my mortgage. If this is the case, what does comparing property price v wage achieve? Gools

So Yarrahboy (or are you Mick691 at the moment), What do you think the sceptics were saying in 1965 or 1975 or 1985 or 1995? I guess they would have been saying "wow, what an increase in property price we have just witnessed. How on earth can this continue?" I hate to think anyone would...