Something needs to be done about housing affordability in Australia’s capital cities.
It’s ABSURD how much money you need to pay for a 2 bedroom apartment.
Anywhere 1.5 hour drive north or south of Sydney and still within 20 minute drive from the ocean is minimum $AUD800K.
If you want to buy in Sydney proper it’s $AUD1M minimum unless looking at something in need of serious renovations.
The government does nothing to stop the bubble. Rivers of dubious Chinese money flooding in and lax lending practices combined with reduction after reduction in the interest rates.
The current government in Australia is hijacking the next gen’s future with bad environmental policy, foreign dependency of the education sector and a housing bubble that never ends.
It’s ABSURD how much money you need to pay for a 2 bedroom apartment.
Anywhere 1.5 hour drive north or south of Sydney and still within 20 minute drive from the ocean is minimum $AUD800K.
If you want to buy in Sydney proper it’s $AUD1M minimum unless looking at something in need of serious renovations.
The government does nothing to stop the bubble. Rivers of dubious Chinese money flooding in and lax lending practices combined with reduction after reduction in the interest rates.
The current government in Australia is hijacking the next gen’s future with bad environmental policy, foreign dependency of the education sector and a housing bubble that never ends.