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Mate - I understand you seem frustrated with the Australian market, but remember that you are dealing with a group of people who probably have a better than average understanding of how to buy property, manage their finances, and make money. Some of your points are valid, but at the same time...

........... UPDATE: I hadn't read your response DeanoC when I wrote this (as I was writing myself). Perhaps it's easier just to respond to this then I'll come back and read your last two response together.

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Not sure where you live, but in Canberra I'd have to say that you're kidding yourself. We paid 190k to build (not including land cost) an average sized 4x2 9 years ago, using basic to average fittings, inexpensive tiles, etc. A smiliar place these days would be close to double that build cost...

Interesting, but it's been covered before. 1) The 'average' home 30 years was perhaps 2/3 the size of a new 'average' home. 2) 30 years ago, houses were about 3 times 'average' earnings. Now, most families have both partners working, hence houses (which are also much bigger, remember) cost...

I've been suggesting for some time that I think Australia will become more like Europe over time, in that the majority of homes in larger cities are owned by a small number of people and most people rent. Of course, this brings with it additional rules and controls aroudn how leases will be...