NetWinder

>Median wage in Australia is $75,000 a year. >Median House Price is ONE MILLION dollars. >Two people earning the median wage, could MAYBE get approved for $600,000 dollars. >They cannot afford anything big enough to raise a family in, without moving so far out that they would jeopardise their income >With 95 percent of the property value mortgaged, a couple interest rate hikes would devastate them, likely leading to repossession >This will raise demand, which raises house prices, which makes buying a decent home, even with a 5 percent deposit, even less attainable. If we do not live in a country where a regular family can buy a regular home, we will self destruct. 55 percent of Australian politicians own multiple properties, over a third of them are landlords. House prices increasing to infinite is the explicitly stated goal of all major parties. This must change.