Some good points there Angry Lion,you are correct that house prices here are way too high,and wages haven't kept up with this for years,in fact if anything wages have been driven down here,yet the cost of living has gone UP,and by quite a lot as well.This is the crux of the problem here.I also believe that property prices in Australia are now very high,possibly more than £200K which for Brits wanting to emigrate there it may well prohibit many from buying,but I believe that the economy there is growing at least,unlike ours because without being too political the last government over there got their house in order and did a proper job of running it,unlike the last lot here,and the current lot now here.Also the exchange rate now for the Australian dollar and our Pounds Sterling is not as favourable for us as it was say 10 years ago.