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Fair enough. In my above example, at 10% deposit you would be at 1.73. But then again, I wouldn't imagine FHB's would want or even qualify for a loan over $850k nor even rent this premises to be honest. We agree :) But this has been like this for sometime so not really new. It...

On balance these are relatively sound arguments with a few caveats. Renting v Owning Renting is cheaper than owning and paying a mortgage undoubtedly in established suburbs across in Melbourne. I suspect that is replicated across most capital cities. Now as for double, that is bit of...