this post was submitted on 17 Dec 2024
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We want to hear how Australia's housing crisis has impacted you. Share your story - ABC Australia (www.abc.net.au)
submitted 5 months ago by Baku@aussie.zone to c/australia@aussie.zone
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[–] 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.