[AndrewJ]

One other thing that a few friends with older kids in this race have noted is in many older areas, people no longer buy in low and then move on, they redevelop the small rundown place into a block covering monster.
After a bit of digging they found out that the cost of moving on when they had saved some more is now so high, its not economical to do it.
As such, all the smaller houses are simply disappearing.
IIRC, they quoted that for a median house, the fees/charges/duties etc can now easily represent a years salary.

Andrew
PS Another comment i got back from one of the kids was that when my generation bought their houses, they had full access to all of their salary, thus could pay off any loans quicker and reduce the long term interest loss.
These days, super is taken from them at the time they need it most to pay off the loans, thus exacerbating the time taken to pay off and hence the extra leeching of interest fees for many more years.
I hadnt ever thought of that effect of super.