So taxing the rich worked out well.for the less fortunate. Colour me pink, I’m shocked.
Once Australia’s second priciest city, Melbourne has become more affordable. What happened – and will it last?
Submitted 3 weeks ago by vividspecter@aussie.zone to australia@aussie.zone
king_comrade@lemmy.world 3 weeks ago
‘more affordable’ means only 10k cheaper than its peak lmao. Housing is so fucking cooked, is this the best we can expect from the market?
No1@aussie.zone 3 weeks ago
I only did a very basic search, but the AI summary said that Sydney prices also peaked in 2022 (pandemic boom), declined, and have only recently reached the 22 levels.
This article also has some interesting data for comparing Aus cities.
Eg the Sydney median is $1.8M vs Melbourne 1.1M.
hanrahan@piefed.social 3 weeks ago
Yeah, we’ve jumped the shark on housing but most people seem happy with it, happy enoigh to reelect tne politicains whonkeeo making it worse.
I own a small cottage in a small rural village in Tassie but then I retired age 35 to slip the yoke… so there is that (am now 60). My partners kid is 32, he and his wife (along with the bank) own 4 houses in Brisbane so there is that.