I'm not sure it's dead. It's certainly under pressure, but here in Perth I can find a few hundred properties under $400k, and banks will lend a working couple b

I'm not sure it's dead. It's certainly under pressure, but here in Perth I can find a few hundred properties under $400k, and banks will lend a working couple both on full-time minimum wage over $400k. Yes, they'd have to find a deposit somewhere (though something like keystart can help with lower deposit requirements). Sure, not all of them are houses (a minority are), there are a lot of villas and apartments in there, not all are in the best areas etc. etc. Perhaps we can say it's on life support here. Over east may be a different story of course, which is probably why we have so many posts in the Perth subreddit about moving to Perth...