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Deltaberry, I understand your point of view, where you are trying to show me that why is housing for an average house in average suburb so expensive in relation to the average income of the mass population compared to the same metrics used for another country? My answer to that question is sure...

Your argument about value would make sense but you need to factor in human emotional factor with property. To you a house in Toorak at $3m is overpriced when you can get a bigger house for far less elsewhere in the outer suburbs. But if I have $100m in the bank and I feel like I want to live in...

The last time I checked there was no written rule or law that says someone on a median salary should be able to comfortably afford a median priced house. The price of a house is set by the forces of demand and supply. If there are more buyers than sellers and if those buyers have the money to...

Delta, you talk about economic analysis but you fail to recognise, someone on $63K is not going to get $500K loan. Secondly, your calculations fail to recognise that over 30yrs the person salary is going to increase and if he/she is making P&I payments over time payments can go down as...

The reason why food is cheap in HK compared to Australia is what kind of wage safetynet do people in HK have? And even if there is one, how effectively has it been implemented. When you can get labour cheaply you can afford to sell products at a discount. In Australia I know I can work in...

Deltaberry, you keep forgetting the RBA has the flexibility to drop interest rates to 0.25% from current 4.75% (cash rate) which HK doesn't have. If interest rates are 1.3% than what is the cash rate? You and I both know if RBA decided now to slash interest rates to the same levels as HK...