To understand why 30-somethings feel like they're struggling financially, the ABC analysed five factors — housing, healthcare, debt, tax, and income. The data reveals this generation is caught in an economic perfect storm.
It’s a myth that house prices always go up. There are plenty of apartments in Melbourne CBD around $400k, which is what they cost ten years ago.
Yes, nice big 4 bedroom two bathroom houses in nice suburbs have massively increased in value. But the bottom end hasn’t moved nearly so much, because the buying power of the bottom end purchasers hasn’t increased by that much.
It’s a myth that house prices always go up. There are plenty of apartments in Melbourne CBD around $400k, which is what they cost ten years ago.
Yes, nice big 4 bedroom two bathroom houses in nice suburbs have massively increased in value. But the bottom end hasn’t moved nearly so much, because the buying power of the bottom end purchasers hasn’t increased by that much.