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With so many sources of income, much of which has already been eared and saved overseas and then brought to Australia, I’m glad that I hold property in readiness for further income injections by new entrants to the Australian real estate bucket.

savings, credit, new migrants, government grants, funds recently divested from the ASX, etc.

Max, your bucket analogy is OK but why to you contend that money only flows in from income and no other sources?

Income as well as other new money from savings, credit, new migrants, government grants, etc. BTW, I was not aware that income was decreasing across this booming population.

I doubt that a FHB will be able to come up with the cash. Maybe the couple who just sold their old PPOR for $650k. Or maybe the developer who plans build two townhouses. I guess you could call it a supply and demand thing.

They’re not planning on moving. But if they did, they would have over $1M to go shopping with from the sale of their home. Nothing to do with income or credit supply for them.

The original post cited nine reasons why it really is different here. Token Funder has addressed none of these but I suppose his point is that the lack of available credit might trump all of these reasons. We’ll see.

Not true. My wife’s grandparents live on not much more than the aged pension yet they can afford to (demand to) live in their million+ dollar house in Glen Iris.

Limited access to credit can also have a limiting effect on supply. This is one of the reasons that the demand for housing in Australia won’t be met by supply for at least a few years - providing support to property prices.