As an IT consultant, I'm somewhere in the top 2% earning level, and I can't afford a house unless I move somewhere 2 hours drive from the CBD and eat nothing but canned beans for a decade. Forget ever going on a holiday ever again. Grow your own veggies and learn darning so you can repair your socks instead of splurging on new ones.
There was an interview with the Deputy Treasurer where he said with a straight face that there wasn't a housing affordability crisis. The journalist pointed out that his salary as one of the top public servants on the nation wasn't sufficient to purchase the median house in any of the capital cities. The treasurer then politely suggested that citizens should move to one of the "lovely" country towns. Nope, turns out that he couldn't afford to make the repayments in most of those too. Newcastle? Nope. Bathurst? No. Wollongong? Hah, no! And so on. The first town where he would be eligible for a loan was a place I had never heard of.
That's where we are right now as a nation. The boomers had climbed to the top and pulled the ladder up behind them.
As an IT consultant, I'm somewhere in the top 2% earning level, and I can't afford a house unless I move somewhere 2 hours drive from the CBD and eat nothing but canned beans for a decade. Forget ever going on a holiday ever again. Grow your own veggies and learn darning so you can repair your socks instead of splurging on new ones.
There was an interview with the Deputy Treasurer where he said with a straight face that there wasn't a housing affordability crisis. The journalist pointed out that his salary as one of the top public servants on the nation wasn't sufficient to purchase the median house in any of the capital cities. The treasurer then politely suggested that citizens should move to one of the "lovely" country towns. Nope, turns out that he couldn't afford to make the repayments in most of those too. Newcastle? Nope. Bathurst? No. Wollongong? Hah, no! And so on. The first town where he would be eligible for a loan was a place I had never heard of.
That's where we are right now as a nation. The boomers had climbed to the top and pulled the ladder up behind them.