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this same argument has been covered in another thread. You cant just look at the metric of average wage vs average house price as determinig if housing is unaffordable or not..... cos that is ignoring some pretty fundamental factors In particular this post explains it really well...

have to agree with the comments about Chinese mainlanders. I do a lot of business with China, and have heard this story a LOT. And yes.... govt officials in China are the definition of corrupt. Aus really is that different - cos we're awesome.