Mojo ♻️

Average Australian can't afford to buy a house anywhere in the country.

Australians aiming to buy a home face grim prospects as new research reveals the daunting income required to afford a house in any capital city. Data from the Parliamentary Library, commissioned by the Greens, indicates that to purchase a home, a borrower would need to earn $164,400 annually—nearly two-thirds more than the average salary of $98,218. #auspol #LuckyCountry #aus4sale #BetterNotBigger

https://www.sbs.com.au/language/tamil/en/podcast-episode/average-australian-cant-afford-to-buy-a-house-anywhere-in-the-country-new-research/m51ced4ha

Average Australian can't afford to buy a house anywhere in the country- new research

Australians aiming to buy a home face grim prospects as new research reveals the daunting income required to afford a house in any capital city. Data from the Parliamentary Library, commissioned by the Greens, indicates that to purchase a home, a borrower would need to earn $164,400 annually—nearly…

SBS Language
Apr 10, 2024 at 11:25amWeb
Show threadrastilinApr 10, 2024

@mojo

I suspect the median salary is considerably less than $98,000.

Show threadMojo ♻️Apr 10, 2024

@rastilin doubt it, remember there's over 700k "bike-courier" students in the country 🤣🤣🤣

https://aus.social/@mojo/112246023495000294

Mojo ♻️ (@[email protected])

#Internationalstudents have been the driving force behind Australia’s record net overseas migration boom. Make universities house international students. The latest temporary visa data from the Department of Home Affairs shows that there were a record 713,144 international students in Australia at the end of February 2024: #housingcrisis #rentalcrisis https://www.macrobusiness.com.au/2024/04/make-universities-house-international-students/

Aus.Social
Show threadVeeApr 10, 2024
@mojo Things are getting out of control everywhere it seems...🤦