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That's the solution then..... every potential FHB should become an investor first. If you are capable of being a FHB then you are also capable of being an investor - twice as much $$$ available for servicability. Instead of the current house ownership lifecycle of FHB -> upgrader ->...

No-one mentioned median. Did you actually follow the +12% for Sydney link I provided back in #36. The +12% refers to the Hedonic Home Value Index, NOT the median. Have a read of what the Hedonic Home Value Index means & how it's calculated here. FHB & medians do not affect the +12% that...

Yes.. it's v. interesting. I did fudge the figures (ever so slightly) by not allowing for 2% inflation, so in real terms they are probably a little less than 70% less affordable. 80% of that change is due to IRs, and 20% due to the 12% price rise. Looking back, the last time gross yields in...

He wants to buy a house. The OP is waiting for housing to get more affordable than it is today. He says he's not bought yet & will continue to save a deposit until it (hopefully) becomes more affordable after IRs rise. Presumably he had the deposit to buy mid 2009. The point I'm making is...

Hi Bill, In that case he'd need a huge fall to get to the same affordability as this time last year...... IRs have already risen by 40% (from 5% to 7%) in the last 6 months, and are expected to rise to 8% by end of 2010.... that's a total increase of 60% (from 5% to 8%). Prices in Syd have...

Agree entirely... he's jawboning. Sure... he has the power, but he's reluctant to use it because of the effect on business. As others have said, why should you jump the queue & expect to live within 1 hour of the CBD. It's the people who have saved harder, invested for longer and suffered more...