yes that is what we are seeing - small corrections etc but prices aren't really going back to where they were 5 years ago if that is what you are hoping to achieve. Properties in premium suburbs still sell over 1 million like in brighton.Would be nice if common folk could afford to buy in some suburbs
A house is not a luxury item (read Ferrari) it is somewhere to live (read Mazda). Why shouldn't all be able to afford a Mazda? Isn't this the guts of the article I linked to
If the average punter cannot afford most suburbs don't we then see prices correct to a level where the said punter can then afford? Isn't this what we are currently seeing?
There is a problem with the new first home buyers especially when coming into the market taking on huge loans with minimal deposit and high repayments which puts pressures on their daily lives.