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Write your own joke about vampires here :D

If a decent public transport system was introduced then it would have been fine. But, modern governments dislike spending money on anything that isn't a tax cut, so it's just a pipe dream.

While I agree in principle... Would you be able to find a property within commuting distance of, say, Paramatta, that you could get a mortgage for that could be paid off within 4 years on a lower than average wage?

We don't have overcrowding. We have insufficient infrastructure and no willingness from successive governments to invest in infrastructure.

The above was written in 400BC and mirrors exactly what you are saying. It is nothing new. You are just getting older so the younger generations are worse than when you were one of them.

So, Bayview, is the answer forced sterilization? Or just keep on developing over farmland? Or, let me guess, no more immigration? I prefer higher density living. It is my preference. I fail to see why this is not a valid housing choice. Current development patterns do not provide anything in...

Yep, agree with that. The average Australian home is now the biggest in the world. Just think about that. I do design review work for a major land release area. Every second house has a formal lounge, a rumpus room, a theatre, double garage, informal lounge, formal dining, family dining...

Agree with you re density. It is always amusing to see people whingeing about not having enough services in an area, and then campaigning tooth and nail to stop new developments around them that would actually create the levels of demand needed to provide those services.

Growth is fine if you have governments that a) invest in infrastructure b) when they do finally build something, don't just build something that only just covers the current level, with no future planning or future proofing carried out. The Harbour Bridge was constructed at a level that...

Kudos fifth. Great post.

Yep. And the younger generation has been written off as being lazy, and having no respect, and wasting money/resources/everything for at least the past 5000 years.

P.S. I don't have a microwave.

The whole generation stereotype thing is just tedious all around.

You do know that the proprotion of income includes interest payments, right? So even with high interest rates as a proportion of household income, mortgage repayments were lower. You also missed the bit where I said it has always been hard. I don't have any emotional investment in this...

True. But can you borrow more so houses are more expensive, or can you borrow more because houses are so expensive?

Sorry, but all the statistical data does show that there has been an increase house prices have risen faster than incomes over time - from 2.5 times the average disposable household income in 1985 to about 4.5 times last year, the Reserve Bank estimates. Read more...

I think this argument was raised before by China (apologies China if it was someone else) and it amounted to around 4% of all buyers in the market. The percentage of that 4% who are FHB would be negligible and have no overall impact on the stats for loans for investors vs PHB.

I think I move in the wrong social circles in that case :D

Sorry, I was editing that post while you were typing. Wasn't clear in what I was saying.

Backing the promise of capital gains whilst seeing a yield of around 4% seems order of business. Not my idea of making money.