I'm just worried it will be foreigners coming in and buying and the prices won't fall
They already are, look at what happened to Toronto, Canada in the 90s.
You have to move regional, but there is no work there because the govt is full of Shabbos and has only made infrastructure for 10 major cities (inc Newcastle, Wollongong), not 600 like in every European country or the USA.
Home and land package in 1992 was 250K for 1/4 acre @ $27,227annual wage. Now its $880,000-$1.3M for 320m2 @ $48,360, not factoring in inflation of all common goods, petrol, utilities, etc. Look at staples like bread and milk and work out cost per income and we all understand that there is zero opportunity in this nation if you are under 40.
Soon home ownership in Australia will even be unaffordable if you were an Arab Sheik with 9 wives and you made them all work.
UncleDoug 0 points 3.5 years ago
They already are, look at what happened to Toronto, Canada in the 90s.
You have to move regional, but there is no work there because the govt is full of Shabbos and has only made infrastructure for 10 major cities (inc Newcastle, Wollongong), not 600 like in every European country or the USA.
Home and land package in 1992 was 250K for 1/4 acre @ $27,227annual wage.
Now its $880,000-$1.3M for 320m2 @ $48,360, not factoring in inflation of all common goods, petrol, utilities, etc. Look at staples like bread and milk and work out cost per income and we all understand that there is zero opportunity in this nation if you are under 40.
Soon home ownership in Australia will even be unaffordable if you were an Arab Sheik with 9 wives and you made them all work.