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 2 days ago by vividspecter@aussie.zone to australia@aussie.zone
king_comrade@lemmy.world 2 days 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 1 day 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.