stacksatsio on Nostr: Sydney definitely has the worst of it, but Adelaide home values have doubled in 4 ...
Sydney definitely has the worst of it, but Adelaide home values have doubled in 4 years:
There is nowhere in Australia where the average person can buy a house any more:
You’d need to be on 3X average income to buy a home:
In fact the median household can only afford 13% of homes in the country:
quoting note10ht…jvjxThe #AUStriches Housing Ponzi will continue until Boomers can double their net wealth annually instead of every 4 yearsnote1tmq…hple
There is nowhere in Australia where the average person can buy a house any more:
quoting note1ema…07plThe #AUStriches Housing Ponzi will not be satisfied until you need 7-figure salaries to buy the average dogboxnote1pgw…vjez
You’d need to be on 3X average income to buy a home:
quoting note1h9y…52xn#AUStriches now need almost 3X the median income to afford the average house.
$HFSPnote1587…u5rj
In fact the median household can only afford 13% of homes in the country:
quoting note1587…u5rjThe median #AUStriches household income can now afford just 13% of homes sold in Australia in the last year.