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  1. steveadl

    Residex's Dec report - median price for Melbourne & Brisbane to reach $500,000 in 08

    My point is, people keep using the median house price and average wage etc. to tell us how it can't be, whilst sitting on the market this very moment are real life examples of how it is possible. That's why they have great features on REA.com that enable you to restrict your searches to only...
  2. steveadl

    Residex's Dec report - median price for Melbourne & Brisbane to reach $500,000 in 08

    PS Those houses should be affordable for only one person on the average income (someone posted earlier it's about $43k after tax, I'll take that as correct as I can't be bothered researching it). Now how much more affordable are these houses if there are 2 incomes! God forbid!! :eek:
  3. steveadl

    Residex's Dec report - median price for Melbourne & Brisbane to reach $500,000 in 08

    I'm sorry, this argument seems to be moving to the notion that FHB's can't afford any properties. I'm having real problems seeing how. Sydney: $229k, 38km to CBD...
  4. steveadl

    Residex's Dec report - median price for Melbourne & Brisbane to reach $500,000 in 08

    C'mon Keith, sacrifices in this day and age?! That's asking a bit much. Get with the program!! :p
  5. steveadl

    Residex's Dec report - median price for Melbourne & Brisbane to reach $500,000 in 08

    Fully agree. If you aren't in the position to buy yet, then do something about it! As YM said, invest your money, have it work for you (heaven forbid some people may even choose to buy an IP before a PPOR). Unfortunately, this is not in the mindset of the majority yet, because Aust. up until...
  6. steveadl

    Residex's Dec report - median price for Melbourne & Brisbane to reach $500,000 in 08

    I'm sure Adelaide's not that much different, just much smaller for the time being. :D That's where we differ YM, I don't see an increasing median house price as a problem. At least not at this point of time in our country (who knows 30yrs from now). We have given you countless ways and...
  7. steveadl

    Residex's Dec report - median price for Melbourne & Brisbane to reach $500,000 in 08

    YM, what do you think is going to happen when cities increase in size?! The outskirts 100yrs ago were 5mins from CBD, then perhaps 15mins 30yrs ago, now 40 mins, and in another 20yrs what - perhaps 90 mins??? I would really love to know what you would expect to happen in growing cities - if...
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