this post was submitted on 17 Dec 2024
19 points (100.0% liked)

Australia

4195 readers
103 users here now

A place to discuss Australia and important Australian issues.

Before you post:

If you're posting anything related to:

If you're posting Australian News (not opinion or discussion pieces) post it to Australian News

Rules

This community is run under the rules of aussie.zone. In addition to those rules:

Banner Photo

Congratulations to @Tau@aussie.zone who had the most upvoted submission to our banner photo competition

Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

Moderation

Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.

Additionally, we have our instance admins: @lodion@aussie.zone and @Nath@aussie.zone

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Nath@aussie.zone 13 points 5 months ago (1 children)

Our story is the same as most people: We can afford to rent; but we can't afford to buy.
We aren't in danger of being put on the streets, but we are under a different sort of crisis where a combined household income of over $200k is somehow not enough to buy a house these days.

Not that long ago, you could buy a 4-bedroom house for $200k. House prices have gone stupid.

[–] Cypher@aussie.zone 1 points 5 months ago

I’m on a similar income and live in the highest cost of living part of the country, so I have to ask, how is it you’re unable to buy?

I bought my house this year and granted it took a while saving up but with our income this high the mortgage barely registers. Early days but we’re on track to pay off the home in under 10 years.