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But most of the population of PPOR owners pay P&I, they are the ones that drive the price rises.

That's a v. good point. The price of any well located house will rise faster than its citywide average. This means the specific house that you buy will rise faster than the city average in the long term. As new and relatively cheap houses are added at the outskirts, the house you bought...

House prices have risen in proportion to discretionary income growth for a generation or more. We've had inflation lower than wages growth which has given us exponentially bigger discretionary income. We've been relying on dual family incomes. But what's the catalyst to provide the next big...