Basically Australia… but the lines aren’t even that close and a fucking cinder block house will go for millions in the right location 💀
Discussion
Difference is price to income is far worse in Aus. US has some bad cities, every city in Australia is unaffordable to impossible.
Agreed... a couple ("DINKS") who are both low 6 fig earners together can't even afford most homes now.
$100k is the average salary in Aus now which sounds insanely high, but
An average couple on $200k combined takes home about $13k per month - at 1/3 on a mortgage, that’s $3,900 per month - that means borrowing capacity of $530k-$637k for a 25 year mortgage.
That means only Darwin is in range for a DINK couple. They’re nowhere near able to buy anything in major cities but it’s not gonna change.
