A couple with combined income of $100,000 per annum could not afford to buy a home in Melbourne, Sydney,or Canberra.
Housing affordability in Australia is getting out of control.
As I understand the rough conversion rate, that’s right about the level of income where a family can start to consider the possibility of buying here in the Bay Area. The really tough part is that when the economy is healthy, the value of homes and their associated down payments increases at a rate faster than a family with that income level is capable of saving. When a family like mine relies on the rumblings of economic collapse and the worst job market in decades to be able to purchase a home, it absolutely is out of control.
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pocketcontents
reblogged this from
indefensible
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That’s it, we’re moving to Melbourne. Get ready for us.
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weselec
reblogged this from
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As I understand the rough conversion rate, that’s right about the level of income where a family can start to consider...
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indefensible
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