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Fair enough - looking back at my post I could have been much clearer - I meant that comparing current Aus prices vs earnings to historical averages is problematic when the income earning potential of households has changed by much more than that in Aus - I wasn't referring specifically to the...

Hmmmm.... I just love these historical comparisons to average earnings, which fail to mention there are now "usually" two average income earners per house hold compared to the historically "usual" single income earner. IMHO I fail to see interest rates skyrocketing in Oz much further...