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I agree with skater, houses are not too expensive, and most people can afford them, but the level of financial input/sacrifice they have to endure is very high compared to normal historical levels and a lot of people arent willing to enter the market for themselves. Its a self reinforcing...

I've been chatting to a lot of agents/buyers/developers/bankers/bums off the street and have a theory that I'd like to share. I believe that the current uncertainty in the market is the result of a combination of the following factors 1 the RBA increased interest rates several times, in rapid...