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How is it protectionism? All you need is the appropriate licence and you can be a tradesman and get in on the big money. As for OS trades, well....every country has different building codes and if OS tradies want to work here they need to qualify for a licence so they can prove they can work...

That is a good point. If it is 4.5x now, it must have been 1x or 2x in the past. And it wasnt. it was always roughly 3x. So; Either they have changed the way they have calculated. or; Its a load BS. I'd say the latter is more likely.

I've seen the articles. What i havn't seen is evidence or proof or whatever of how they came to the x4.5 multiple.

fair enough. Can you supply some evidence to support your post? How do they get to 4.6 times? I still say its too low. And as the figure originally comes from private companies with an interest in property, i'm not surprised.

As a tradie in a past life (still keep my sparkies licence current tho) we used to do a lot of commercial work in Sydney/Nth Sydney CBD and joke about office workers wearing flash suits to work and they're on say $50k pa. They're everywhere. The guys that worked for me would have been on $75k...

The gouging that goes on is to govt departments, local councils, engineers etc. Not the tradies. And don't you live with your mum?

The average Australian income per household would be nowhere near $130k pa. Would be lucky to be $100k. Probably more like $80k. I did a search but could only come up with '09 figures at the lastest which showed $66k. Allowing incremental increase since then, i'd say $80k is about right...

If they included household income, lets say $100k pa for husband and wife to be generous. The average house price in Australia is well over $450k. Wonder how they came to that figure?

Do you know how they get to 4 1/2 times multiple? Seems too low considering wages are i think about $65k average and house are circa $600k average price. I know you're going to say dual incomes etc. I just want to know how they get to 4 1/2 times.

Thats true. I remember they used to raise rates by 1% at a time then. But it doesnt change the fact that house are many multiples of wages more than they used to be. At these multiples, raising rates by 1% (or even half a %) at a time would destroy alot of people financially. It leaves...

Things become much clearer with some explanation. But not quite the same. ;)

You raise your rents on all your properties every 6 months? If so. Al i can say is amazing as i've never seen that in all my years owning property. (since 1988) I can see your point about affordable areas but thats a small segment of the market and not everyone wants to live there...

How can you ignore the fact that the average house is now 7-9 times the average wage and 20 years ago it was more like 4-5 times the average wage. yes, people can buy property out your way on low incomes. But your area is way below the average Australian and Sydney average price. So its not...

Its just a normal housing/economic cycle doing its thing.