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Tall poppy syndrome, oh please......you think I want to cut you down? I can assure you there is no jealousy here, certainly no tall poppy syndrome. Having a political and moral compass should be applauded, but in this country, particularly by the wealthy and vested interests, it is frowned upon...

And I admire the same. Which is why when the hurdles in your path are the crooks meant to represent you, I admire those who stand up to these bullies, as opposed to those who wallow in the continuing disintegration. If you really care about your own, think about the world they are being...

I don't have too many to be honest. Very happy with life in general. I'm a glass half full kinda guy. My problem as an Australian citizen and voter is that the government continues to sell out the youth of the nation. I guess all I can do is vote for the other guys and hope they might...

It seems like you're the one who has a fixed mindset (that property always goes up!) - I just asked a question. Maybe I'll be able to buy the whole block in Werribee - don't laugh, crashes have happened in numerous other countries which had similar underlying "strength" to what we have here...

So the costs of borrowing can continue to increase without impacting prices? Until what point? That just doesnt make sense to me - but Im happy to hear a rational explanation of this theory.

You haven't read my previous posts. I can afford to live in the inner west, I am just borrowing to my maximum if I want to live in a house. I do not need to move further out. An inner west townhouse/apartment is easily affordable.

Interesting article in today's SMH, ties in with the subject of my original post: http://www.smh.com.au/business/safe-as-houses-not-as-an-investment-20100402-rjtd.html SYDB

Thanks Jason. Actually, we are much like those people you mention in Melbourne. We started of looking at houses/terraces/semis but it is simply not likely to happen given our budget and the recent price spike (12% price rise makes a big difference to a highly leveraged FHB, and that is what...

Hi Jason Thanks for that advice. We have thought of that but are seeking the security of our own home given that we have a young family on the way. We don't want to take advantage of our parents kindness either. Even if we are stretched budget wise, we have decided to buy. That was why I asked...

Wow, alot of hostility here from PI's against people looking for their first home for their family within a reasonable commute from work. It's not an entitlement at all. I'm sure you'd like to see 12 hour days with 2 hour commutes on either end, leaving ZERO time for family. As long as you can...

Thanks for all the responses, very interesting argument. It is really quite divided out there, both on the merit on Stephens actions/words and the potential results of higher IR's. I am a FHB. I think I will wait it out a few more months and keep saving my deposit. I disagree with those who are...

I am in the market for a property in the inner west of Sydney. Glenn Stephens comments this week really got me thinking though - I mean if the RBA Governor is telling us we are in a housing bubble (that's what he was driving at) and that rates will continue to rise, should I be concerned of a...