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In Australia to my knowledge (feel free someone to correct me if i'm wrong) Savers are actually beating inflation by a small amount, this also depends on your tax bracket tho as well. *Inflation is what about 3% P.A? *Savings in a term deposit (6% with CBA 12 months) 6% times 0.7 (30% tax...

note* I'm not an owner occupier. I have two work friends who i have abit of insight into their incomes/houses (prices paid etc) Very similar incomes,age,house price They both earn 85-95k P.A, single income, wife, 2 children, early 30's, purchased house in sydney after boom (2005ish), 280-300k...