The median #AUStriches household income can now afford just 13% of homes sold in Australia in the last year.

Reply to this note

Please Login to reply.

Discussion

Australia and Canada are nuts about real estate prices. I mean, if you can sell it for 500k US dollars (net money after rest of mortgage) you can pretty much move to any Latin Country and live like a king. (Put some good money in dividend stocks or solid bonds)

Just make sure about minimal rule of law and cultural convergence πŸ˜‰

Money looking for a home in Australia is currently flowing into real estate. What happens when people realise that #Bitcoin is a better savings vehicle. #AUStriches

nostr:nevent1qqs2rlg2ajcyrhj2rzuapz56veujrfme3ulk5vrejeudjsnnxathfkspz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzql9xd4qkdvt02jsks6qerwsuvwr2janzfarrfuufdkdkws9r3r9rqvzqqqqqqyfucwrs

so its boomers trading amongst themselves?

No, it’s Boomers selling to Developers and Chinese investors. Individuals can not afford these prices