#AUStriches should consider these 3 graphics:
1) the proportion of income to service a mortgage in 2023
2) the demographics of current and future tax payers vs recipients (play these bands forward in 5 year increments)
3) the wealth measured in savings by current demographics
This is a recipe for disaster.
Gov have already turned to immigration to offset 2, but 1 ain’t getting fixed until the real estate bubble pops and 3 won’t see meaningful change for 10-20 years until the Boomers die off.
Quality of life goes backwards from here. Doesn’t matter who is in government, these are structural issues caused by the last 40 years of gov policy that can’t be unwound or undone.
People should be having genuine conversations about whether they or their children have a future in Australia.
