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Ha, good one! I'll have to remembeer that one :)

Phew! It's a good thing there are cheap properties in every capital city in Australia then, doesn't really matter what the median figure says, cheap properties exist! That'll still be the case for a long time to come as well, whether it be cheap houses in the outskirts, units etc. There were...

There will still be plenty of funds available, but the banks will become more selective and risk averse, and obviously we have to foot the bill for any increase in their cost of funds. Spot on, here the people with a lot of nice theories but no experience can be heard. How long do you think...

Yes we have plenty of space, but the location is the key. For example the closer the house is to the CBD/water, the more people who want to live in that house as opposed to the house another 20 mins out. There have always been cheap houses on the outskirts of cities where the land is cheap...

Sweet thanks guys, makes sense.

Quick question Shadow which may be stupid, but I'll ask anyway; What's a 'non-conforming loan' in Aust? I thought that was a low/no doc? But it says Aust. has 1% non-conforming and 7% low/no doc.