this post was submitted on 28 Apr 2024
86 points (93.0% liked)

Australia

3579 readers
140 users here now

A place to discuss Australia and important Australian issues.

Before you post:

If you're posting anything related to:

If you're posting Australian News (not opinion or discussion pieces) post it to Australian News

Rules

This community is run under the rules of aussie.zone. In addition to those rules:

Banner Photo

Congratulations to @[email protected] who had the most upvoted submission to our banner photo competition

Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

Moderation

Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.

Additionally, we have our instance admins: @[email protected] and @[email protected]

founded 1 year ago
MODERATORS
 

Feels bad man

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 6 months ago

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.