Affordable house prices but no-one can obtain a mortgage with a reasonable LTV. Don't these egets understand that until 1st time buyers are offered 95% mortgages by the banks & building societies the market will remain stagnant and we will remain in this mess. It's not rocket science, is it?

It's like saying the lottery rollover jackpot is higher than ever. Most of use can only dream of getting 1.99% at 60% LTV with 2.75x income proven. It's like telling Jo Public Gin-Palaces are only $5m this year.