6 ms·
I'm not sure I understand what you're saying, the data is ending in 2021, we're in 2024. The landscape looks quite different after the pandemic rebound. Also t
by keyle 2y ago
I'm not sure I understand what you're saying, the data is ending in 2021, we're in 2024. The landscape looks quite different after the pandemic rebound.
Also the fact that you compare it to the USD/AUD is silly, 99+% of us aren't paid in USD. If I could barely afford a 1.1M house in 2020 that is now 1.6M, we have a big problem.
The affordability crisis is local first.
We were lucky we bought our house in 2018. It's doubled in value since. Rejoice? No. Why? Because if we sold, it's not like we could afford any better. We've just raised the floor for everyone, essentially locking out the youth. This isn't good by any metrics.
- contingencies 2y agoI didn't comment on local affordability, which I agree has been bad for 20+ years. What I commented on was the false perception that aggregate value has increased "because the number went up", which seems to dominate local media. Pre/post COVID doesn't seem to have changed that.