Why living in Australia is now ABSURD
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- Опубликовано: 2 окт 2024
- Why living in Australia is now ABSURD
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Australia has long been a desirable place to live thanks to its beautiful weather and stunning scenery. In fact, its abundance of natural resources and a history of strong economic performance have led many to call it the “Lucky Country”.
But recent economic trends suggest this luck may be running out. In this video we will cover the main reasons why Australia is becoming impossible to live in.
Don't forget to comment below with what you think needs to happen to get Australia out of this mess.
Foreign buyers had been given green light to outbid Australians at house auctions. Add biggest mass immigration in history to that, even Australians who cannot afford simply buy out of fear of being homeless or forever being locked out of owning any home.
The average house in Sydney was $300,000 in 2000. Now it’s 1.2 million in 2024. 4x in 20 some years. And average wages hasn’t gone 4 times in those years.
Anywhere within 7km of Sydney average house is now prices 2.5 million AUD and in any decent suburbs houses cost way above 3 million, some 15 million
Excellent!
Stunning scenery? Nope!
Only one reason for this...GREED by seller and developer! That's it....but mainly greed by Australians!!!
Nothing to do with supply! Don't blame the government look in the mirror Australians....do you see them saying "oh our price is way too high to allow the next generation into the market"....I didn't think so....so....it's the people who caused it....
To save enough for a house deposit in Sydney now takes 48 years! A guy I know rents an older house in inner city Melbourne (Fitzroy) and it sets him back $7000 a month! Housing costs are ridiculous in Australia sadly
he must have a good job,, best he buy a unit out of town a bit .he could easily afford it at that rent amount
I had a neg geared property for many years.. When I sold it my tax bill was $180,000 ..so the govt got far more back than what I saved on my tax over the years, This is rarely mentioned
Thanks for your insights.
Get rid of foreign investors, only Australian citizens should be able to buy house and land in Australia. Limit negative gearing to one investment property and the Australian dream will return to reality for our young people starting out. The current situation is unattainable and is creating poor mental health in our young people.
I have seen similar videos for other countries which follow the exact same patterns. So a trend is developing in 1st world countries, hazard to guess that its due to political parties focussing on short term projects because anything long term does not benefit any party currently in power.
Sounds like the U.S.
That's not the reason its called The Lucky Country
Negative gearing is a scam! Everyone who does it doesn’t want to admit it loses more than it gains....most are ignorant of the loss hahahaha
Negative gearing is not a factor. Has been in place for Decades when prices weren’t going anywhere. Sole factor is immigration which is the highest in the western world. Halt immigration and house prices will stagnate.
Ha Ha Ha - you include Dampier on your map (pop. 1300) but IGNORE Adelaide ?!?!?!?! (pop. 1.4 MILLION!!!!) FFS dude - your credibility is GONE
Adelaide was mentioned as in the top 10 most expensive cities in the world. It was shown in a table. That's of international significance. But the important question is why you are trying to discredit someone with a channel and shouting with the caps as well. Get your own channel and make sure you're thorough about your claims.
By your logic, the fact that a map shows Antarctica (population 0) but doesn't show my house (population 3) decreases it's credibility to zero?