Quote:
Originally Posted by casstony
High house prices result from easy money and are currently more indicative of the wealth of banks than the wealth of individuals.
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High prices reflect people wanting to live in specific locations.
You want harbour views? Pay for them.
You want to be close to good public transport (eg rail)? Pay for it. Prices around our old house have about doubled in a year as investors move in to buy up land where they can build blocks of flats in walking distance to North-West Rail's "Showground" station.