GREAT JOB, GOOD EDUCATION, NO HOME: IS AUSTRALIA’S BLOATED PROPERTY MARKET DESTROYING THE MIDDLE CLASS?
https://i.guim.co.uk/img/media/54e17ed640ecfa3fc8e92e033c2db666bc9b1129/1022_0_6688_5350/master/6688.jpg?width=140&quality=85&auto=format&fit=max&s=84d44243d543c69941187b4e45fbb780
✍️ The article discusses the unaffordable housing market in Australia, where property prices are increasing at a faster pace than people can save for a deposit, making it difficult for first-time home buyers to enter the market.
👉 Property prices in Australia are increasing at a faster pace than people can save for a deposit. 👉 Investors are winning bidding wars against first-time home buyers in a tight market. 👉 Negative gearing and tax incentives are contributing to the unaffordable housing market. 👉 The government's plans to support the construction of homes are behind schedule.
-- #RossHamilton #MichaelFotheringham #AnneFlaherty #BillShorten #Australia #Sydney #Brisbane #Adelaide #Perth #Darwin #Melbourne #Hobart #Ireland #housing
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