Is it harder for young people to buy their first home?
thedailyaus.substack.com
Analysis released by social research firm McCrindle this week has shown that the price of a typical house in Melbourne has multiplied by 22 in the past 40 years, almost four times faster than wages. It's part of a report aptly titled 'The Fading Australian Dream' - and it's the latest in a well-researched area of our economy. Over the past year, median house prices have soared by 24% Sydney and 16.2% Melbourne. The average house in Melbourne is now just over $1 million, and in Sydney it’s $1.4 million.
Is it harder for young people to buy their first home?
Is it harder for young people to buy their…
Is it harder for young people to buy their first home?
Analysis released by social research firm McCrindle this week has shown that the price of a typical house in Melbourne has multiplied by 22 in the past 40 years, almost four times faster than wages. It's part of a report aptly titled 'The Fading Australian Dream' - and it's the latest in a well-researched area of our economy. Over the past year, median house prices have soared by 24% Sydney and 16.2% Melbourne. The average house in Melbourne is now just over $1 million, and in Sydney it’s $1.4 million.