The federal government has emphasised the gains for households from the rising property prices, although it acknowledges the barriers for those trying to get into the market.“Overall, it’s a good thing for the economy when house prices go up as opposed to going down,” Treasurer Josh Frydenberg said on June 18.and its loan guarantee scheme, allowing families to apply for a mortgage with a deposit as low as 5 per cent of the home value, as ways to address housing affordability.
On this question, 21 per cent strongly agreed, 39 per cent agreed and 22 per cent were undecided. Only 15 per cent disagreed and 3 per cent strongly disagreed. The survey asked people who had attended a property auction this year – 7 per cent of all those surveyed – to describe what it was like, drawing comments about “crazy” and “busy” affairs that resulted in unexpectedly high prices.
The questions were prefaced with a statement that house prices had been increasing over many years and had risen sharply in most areas over the past year or so.
Maybe, just maybe we could re-examine the mass immigration ponzi post Covid and target a Sustainable Population. This will help housing to become more affordable whilst reducing environmental impact of further habitat destruction/ sprawl.
I’m in my early 30s in Sydney and it’s totally ridiculous. Surely we’re in the middle of a great divide, where the rich are about to get way richer and the poor will remain with nothing but rent bills forever. pissedoff sydney notmyaustralia
From what I’ve seen in this lockdown young people barely have enough savings to survive let alone buy property. They are locked out for good, unless developers build more dodgy apartments 50 suburbs out west for them.