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I agree with this view.... I good comparison is London where rents and property prices have continued to push. Most people in London these days rent. The property prices are high due to a lot of rich foreigners buying property though the price increases have been a lot slower than the 80s...

Of course the average family can afford to buy a house in Australia. It is just that Australians are too choosey. You can still buy houses in the outer suburbs of Sydney for $250k...sure it might need a bit of work but someone on a combimed income of $60-80k can still do it comfortably...