It seems a good time to remember, in amongst the rhetoric of election campaigns that all parties will keep house prices where they are.
The way back to affordability is 10-20 years of marginal house price growth, to enable housing to come into line with long term trends. Fluctuations that are radical pose radical problems for politics. So they opt for the sustained. This is what I think Australia’s (and others) future housing comes down to the (continued) debasement of currency through broad (stealth) taxation.
What a game.
I suspect voting preferences will swing around the late 30s quite bad :-/
I suggest we also remember that prices are only half the story, wages have stayed flat for 50 years. Our wages have 1/3 the buying power of 50 years ago.
Join a union
In west aus at least professionals are getting paid way above the award. My consultancy is paying about 25% over the award to attract good candidates.
Truck drivers hauling grain are earning $50 an hour plus super, where that was $30 an hour in 2019.
These numbers aren’t “stagnant wages”.
