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I'm an Australian in London so for me its only mid afternoon :D Goddamn those are some crazy numbers, how does anyone even begin to afford that? You'd be savin

• daemin 6y ago
  I'm an Aussie in Europe now as well. Back when I lived in Sydney the average price of a home near where I lived was about 1.3 million, now I checked the prices last week and the estimated price is 2 million. Somehow there was only a small dip in prices during the pandemic and now the property market is back on the boil again. I honestly don't think any family without high dual incomes can actually afford a home now close to the city. The only places that are close to affordable for middle income families are far away from the centre.
• Copernicron 6y ago
  It’s actually a lot worse than that. For properties over $1 million CAD, you are required to put down a 20% deposit. I came across an article not long ago that it would take the average household 30+ years to save the necessary down payment. I earn six figures and I’m single. I can’t afford to buy any time soon.