Australian house prices more than nine times median household income; For more than 100 years the average Australian family was able to buy its first home on one wage
$600,000? What about the other $800,000 in interest over the 30 plus years of the loan. This is why property prices WILL collapse at some point because we are NOT going to get a doubling of incomes like we have every 10 years over the past 40. We are getting austerity and NO wage increases. That is the good news. The bad news is you may lose your job next week or have your hours cut drastically. Bubble collapse, bring it on hell or high water I say.
Nice little nightmare fantasy you got going thereto feed your cheap house dreaming.
The truth is house will rise the way they always have and correct every now and again and wages will rise and everything will carry on in a nice boring way. Doom and gloomers like you have been spruiking your stupid Armageddons all my long life and once or twice in three or 4 countries you got your dreams coming true.
Personally I would recommend you try to live life a bit more positively and enjoy the day, life is too short to waste with all that doom and glooming and most of the info that you cheap house dreamers get fed is a load of nonsense anyway.
APM Stratified National Median House Price September 2012 $533K. Median house price to median income ratio = 10.7
That figure of a median wage for $950 includes all the part time workers, and "In September 2012, there were 3.4 million part-time workers" of the "11.3 million employed people aged 15 years and over in September 2012"
Both those quotes are from the ABS.
Incomes buy homes not wages.
Catweasel
25 Sep 2013, 10:04 AM
And this the same that trotted out to the mouse on daily basis through its beloved media.
No it is not Catweasel, for the past few years YOUR beloved media has pumped out your doom and gloom crash spruikers message,they made accidental heroes outta your favourite two bit academics who spruik doom and gloom.
Catweasel thinks he has the name and methods of our modern day ceasar, but no this post shows he is just another mouse sucked in by the white shoe and master.
Catweasel
25 Sep 2013, 10:14 AM
Catweasel understand what a rapscall say.
Median the income not the much to but the mouse house,
and never the should be the benchmark.
Does mouse to need to reach the upper the quintile
for slight feeling of "made it" in mouse society?
No, not at all, 70% of people buy their own homes in Australia. Lowest Quintile in Australia is pretty rich compared to other countries, you listen too much to media with the poor poor me stories they like to sell to Aussie mouse.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
Nice little nightmare fantasy you got going thereto feed your cheap house dreaming.
The truth is house will rise the way they always have and correct every now and again and wages will rise and everything will carry on in a nice boring way. Doom and gloomers like you have been spruiking your stupid Armageddons all my long life and once or twice in three or 4 countries you got your dreams coming true.
Personally I would recommend you try to live life a bit more positively and enjoy the day, life is too short to waste with all that doom and glooming and most of the info that you cheap house dreamers get fed is a load of nonsense anyway. That figure of a median wage for $950 includes all the part time workers, and "In September 2012, there were 3.4 million part-time workers" of the "11.3 million employed people aged 15 years and over in September 2012"
Both those quotes are from the ABS.
Incomes buy homes not wages. No it is not Catweasel, for the past few years YOUR beloved media has pumped out your doom and gloom crash spruikers message,they made accidental heroes outta your favourite two bit academics who spruik doom and gloom.
Catweasel thinks he has the name and methods of our modern day ceasar, but no this post shows he is just another mouse sucked in by the white shoe and master.
No, not at all, 70% of people buy their own homes in Australia. Lowest Quintile in Australia is pretty rich compared to other countries, you listen too much to media with the poor poor me stories they like to sell to Aussie mouse.
Catweasel say interesting.
Rapscall drop back to narrative of tried and true.
Its beloved media does trot out the "doom and the gloom".
That the because a economic dream not a reality as mouse like to think in white picket fence.
But media know that its vitality rely on it captivating mouse skull.
Of the mouse and rapscalls.
But this where rapscalls and mouse trip it.
Instead of a stimulus to challenge its beloved media and its own beliefs,
it reduce to sparring with its anti-peer,
over a empty.
And its beloved media trot out whatever it want and still captivate skull of mouse.
The median home is not the same as a first time buyer home silly. There are more than 50% of the home buyers who are up graders with equity and much higher incomes than the median. Don't forget 30% of the population never buy.
Articles like the above are based on that stupid misunderstanding that the median income has EVER bought the median priced home.
The median house price is the price above which 50% of home buyers pay. The other 50% which will include most FHBs purchase cheaper homes.
Your lack of ability to comprehend the simplest of notions never ceases to astound me
Rapscall drop back to narrative of tried and true.
Its beloved media does trot out the "doom and the gloom".
That the because a economic dream not a reality as mouse like to think in white picket fence.
But media know that its vitality rely on it captivating mouse skull.
Of the mouse and rapscalls.
But this where rapscalls and mouse trip it.
Instead of a stimulus to challenge its beloved media and its own beliefs,
it reduce to sparring with its anti-peer,
over a empty.
And its beloved media trot out whatever it want and still captivate skull of mouse.
My point being that the great Mr the Catweasel also just follow. To me it the seems that Catweasel thinks he knows the name of the Ceasar and thinks mouse have heads the empty. Mostly the big problem seems to be to be that Mr the Catweasel thinks he is a Cat when all the time he is just the mouse too. Where is the master/mouse defining line? Is Africa the mousehole and all Aussies the Master?
Methinks Mr the Cat throw stones from the glass the house.
Massive
25 Sep 2013, 11:30 AM
Your lack of ability to comprehend the simplest of notions never ceases to astound me
Mate you are astounded because you fail to grasp the simplest of notions. You seem to have buried your head in the cheap house dreamers nonsense and now appear to be completely unable to accept the reality all around you.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
You seem to have buried your head in the cheap house dreamers nonsense and now appear to be completely unable to accept the reality all around you.
i dont think i've once i said prices will go down on these forums / nor dreamed of cheap housing here ... ever...
just debate the facts and figures being presented... seeing skewed figure makes my belly boil
edit: though ive never hidden my opinion that australian housing is (way) overpriced right now it does not mean dreaming of price falls / cheap homes...
My point being that the great Mr the Catweasel also just follow. To me it the seems that Catweasel thinks he knows the name of the Ceasar and thinks mouse have heads the empty. Mostly the big problem seems to be to be that Mr the Catweasel thinks he is a Cat when all the time he is just the mouse too. Where is the master/mouse defining line? Is Africa the mousehole and all Aussies the Master?
Methinks Mr the Cat throw stones from the glass the house. Mate you are astounded because you fail to grasp the simplest of notions. You seem to have buried your head in the cheap house dreamers nonsense and now appear to be completely unable to accept the reality all around you.
Rapscall think mouse always the aware of power the structures.
It's existence focused on various the scope: join a ranks of master,
appease and endear itself master,
keep itself at safe distance,
appeal to master on its unfair.
Mouse is glorious creature
and not for mock.
And sandpit simply the focus group where mouse can let it all the hang out.
i dont think i've once i said prices will go down on these forums / nor dreamed of cheap housing here ... ever...
just debate the facts and figures being presented... seeing skewed figure makes my belly boil
edit: though ive never hidden my opinion that australian housing is (way) overpriced right now it does not mean dreaming of price falls / cheap homes...
Massive I presented facts - you made no effort whatsoever to contradict the factual nature of my post. You just tried to get away with a smart sounding one line return and now you cry foul when you get called for it.
Look at the trend charts for Sydney that Shadow posted today and you will see that Sydney prices don't look that overvalued on a historical comparison.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
Massive I presented facts - you made no effort whatsoever to contradict the factual nature of my post. You just tried to get away with a smart sounding one line return and now you cry foul when you get called for it.
Look at the trend charts for Sydney that Shadow posted today and you will see that Sydney prices don't look that overvalued on a historical comparison.
skamy, you misinterpreted my tounge in cheek comment regarding strindberg's choice of statistics and then posted "facts" completely irrelevant to what i was talking about...
now, regarding these "facts" of yours - you have once again thrown in charts that don't illustrate what is being discussed. So we have a chart of house price trends.. awesome... very enlightening ... that means we should / closethread about the discrepancies in house price to income ratios which were being discussed ?
house price to income ratios have increased.... so what ? whats the point in arguing a fact ? there are other factors that support the bull argument, so why bother distorting the interpretation of others ? ( ie cost of servicing the higher house price and dual income households makes up for this difference and i can't see those changing for any time in the future. its the way australians choose to live now and RBA needs to keep rates low to help our dollar )
im always amazed at the need for some to argue house price to income ratio is the same when it simply is not... house price to household income generally within the ball park with long term trends = getting closer to the truth ...
Pig Iron
25 Sep 2013, 01:33 PM
are the bears really getting a hard on for an article that's over a year old?
hahaha
strindberg started it using stats from same date..
Quote:
ABS Housing Costs and occupancy Report 2011-12 - FHBs with a mortgage in 2011/12
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