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It has probably to do with the government fees in establishing the cost to build a lot. I believe I heard somewhere that it costs around $160K in Sydney for a lot before anything is built on it. Other states such as QLD are much cheaper, so if you were a developer what state would you chose to...

I am not so sure as I dislike intervention too much. Sometimes market forces are better left to rest as too much intervention may cause more damage than good. Why did we have GFC? I get your point but I do not think that a comparison between people's lives (drug dealing legal) and people's...

ANZ recently justified house prices to be where they are based manily on two factors: household income growth and interest rates. The paragraph states: Despite the continued concerns about significant Australian house price overvaluation from some commentators, housing market fundamentals...

Dazz, you are right. I personally felt a bit cheated about the " caught the wave at the right time" comment. I totally believe anyone having a will to buy a place could do it if it was their priority no matter what the cost. The journey may take sacrifices (some of those you had mentioned) and...

lizzie, I know of quite few very wealthy people that like to buy land. They are also very clever where they may have cows grazing so they don't pay land tax and can be even subsidies by government. Others may hold plant nursaries and so on..... and many developers may hold large parecels of...

How do you know this, what decision a person would make? I disagree as I don't have a crystal ball knowing what anyone else would do (yet alone the government!)