Wednesday, May 8, 2024

Alan Kohler: The banal evil of unaffordable housing

 




The other day a young couple bought a nice three-bedroom house in Brady Road, Bentleigh East, 23 kilometres from Melbourne’s CBD, for $1,263,000.

But because house prices have been rising at roughly twice the rate of incomes over the past 25 years, they had to pay twice the equivalent of what their parents paid for a home, and fork out more than $3000 extra per month to the bank……

https://www.thenewdaily.com.au/finance/2024/05/06/alan-kohler-unaffordable-housing

 


No comments:

Post a Comment