we already cant afford a shed (well we could, but then couldnt afford to live)

Oh noooooooooooo that means we will never move now lol What to do ahhhhhhhhhhhhh tent me thinks

We live int shoe box int middle of road. Cost $78,000

Do you think i would be ok with the shoe box and some beer each month could i live still ohhhhhhhhhhhh i am so scared of what to do

Go for it. I think most of us had next to nothing at some point in our lives. I would say that making a go of it here is easier than the UK. Other's will disagree.

I so agree with what you are saying,i dont think you can live yourlife waiting for the right moment to move or buy or sell ect

We will be moving to the GC in April after waiting for such a longtime,we had sold our house well thought we had at such a good time the rate was 2.60 but it fell through then the market went tits and now we have sold and the rate is not so good but hey we are still coming over.

Will the bubble go who knows if i did i would be bloody rich thats for sure

Be careful what you wish for. If the bubble does burst Aus will be an unpleasant place to be for a while. It's hard to know the ramifications of that huge chunk of the economy disappearing but it's unlikely to be pleasant for too many.

If you wish to read a very interesting analysis on the housing bubble in Oz;google macrobusiness superblog and then read the article headed 'another troubling bargain'.This is a well worthwhile site for australian economic and financial matters

I think everyone's currently tired of talking about it, I am for the moment.

Plenty of people think there is no bubble and that prices will rise steadily or stabilise. Plenty of others think they're due a significant fall. No-one knows for sure and anyone who thinks they can accurately predict a timeline will either be wrong or be lucky-guessing. There are heaps of threads on it going back quite a while.

Once there's more news one way or the other I'm sure there'll be more discussion.

You pays your money (or not) and takes your chances.

True. I remember people in the UK who in 2007 said house prices would never fall.

House prices are as unsustainable in Australia as they were in the USA and the UK.

My friend bought a house in the North of England in 2006 for £145,000. The same houses as his on the same street are now on the market for £105,000 and not selling at that price. He is in negative equity but doesn't want to move / sell anyway so not so much of an issue I guess.

Except that he now has less disposable income than his neighbours who buy at GBP 105,000.

Australia will not escape prices correction. It is a matter of time but it will happen. What goes up must come down.

His mate will have a Ben Sherman shirt - he will have to be content with M&S...

The anger will breed within...one day he will snap...

There are better outlets for disposable income, like...
private healthcare
private education
safeguarding parents retirement
safeguarding own retirement
own further education
etc etc.

Much better than keeping your bank manager in sharp suits and $40 lunches.

Indeed. I hope he is in agreement with you.