Property inflation is a direct result of Australia's immigration policy; supply and demand 101.
You need to learn skills to make a large percentage of your own house because if you're under 35 and not working as a laywer, doctor, engineer or in high finance, or you will not be able to afford the Australian dream, of a home with a backyard in any city.
If the mortgage repayments are 20% of your income it is considered unaffordable, most cities are nearing 30%+ these days of the average wage which is also not consistent with the figure from the median wage in Australia.
Property inflation is a direct result of Australia's immigration policy; supply and demand 101.
You need to learn skills to make a large percentage of your own house because if you're under 35 and not working as a laywer, doctor, engineer or in high finance, or you will not be able to afford the Australian dream, of a home with a backyard in *any* city.
If the mortgage repayments are 20% of your income it is considered unaffordable, most cities are nearing 30%+ these days of the average wage which is also not consistent with the figure from the median wage in Australia.
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