c/australia · by okwithmydecay@leminal.space · 93d

House prices are falling. So why are many Australians still struggling to buy?

https://www.sbs.com.au/news/article/house-prices-are-falling-so-why-are-many-australians-still-struggling-to-buy/0tdaaz6gg

27 points · 7 comments · view on lemmy.world

7 Comments

slazer2au@lemmy.world · 44 pts · 93d (1 reply)

"With Sydney's median house price still hovering at $1.6 million, a further $30,000 drop is still closer to a rounding error than a savings," Canstar's data insights director, Sally Tindall said.

That says it all doesn't it.

SaveTheTuaHawk@lemmy.ca · 5 pts · 92d

Yeah, same as Canada, house prices shot up 600% in 15 years and then when they lose 3% the media is all mArKeT cRaSh bUy nOw.

Seagoon_@aussie.zone · 7 pts · 92d (1 reply)

because wages are 30% in buying power of what they were 40 years ago

SaveTheTuaHawk@lemmy.ca · 1 pts · 92d

I thought it was avocado toast.

FistingEnthusiast@lemmy.world · 5 pts · 93d (3 replies)

Because even if you earn enough to afford the repayments, it's the deposit and stamp duty that fuck you

BagOfHeavyStones@piefed.social · 3 pts · 93d (2 replies)

Stamp duty seems to be a scam to me. I won't move or downsize if I'm going to lose a year's income for doing so.

pHr34kY@lemmy.world · 2 pts · 93d (1 reply)

I've saved so much money by never changing anything.

sqgl@sh.itjust.works · 0 pts · 92d

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