$1 million will buy you a house, but not anywhere close to the city. You'll be stuck out at Craigeburn, Noble Park etc. With Australia's population boom, the surge will be in apartments, units and townhouses. "Houses" will become a commodity. As is, a lot of people are selling up for developers to drop their house and build 3 or 4 townhouses on their blocks. The almighty dollar...

I've been trying to buy these last few weekends and will be trying again this weekend. A mortgage at 21? We are crazy.