Why Living in Australia is Now ABSURD
By Wealth Weekly
Here’s what others had to say:
@kanelowrey5172
The average house in Sydney was $300,000 in 2000. Now it’s 1.2 million in 2024. 4x in 20 some years. And average wages hasn’t gone 4 times in those years.
@FredPilcher
“The lucky country” was not a compliment – it was a brilliantly targeted insult, more true today than when Donald Horne created it in 1964. “Australia is a lucky country run mainly by second rate people who share its luck. It lives on other people’s ideas, and, although its ordinary people are adaptable, most of its leaders (in all fields) so lack curiosity about the events that surround them that they are often taken by surprise.”
This situation is a direct result of decades of neoliberal government.
@viviancarolgioao
As someone living in Sydney. These are the things i realise, house prices and cost of living is insane and salary will never catch up taxation system here are meant to never make you rich. The wage gap in Australia is growing wider and wider, meaning no matter how hard you work a job, it’s not enough to keep up even before inflation, more and more people might face a tough time in retirement.
@jeffDwyer1
Us Aussies are over taxed, over levied, over dutied, over rated, over fined, and yet we are citizens of one of the most beautiful and tourism rich countries, and one of the most resource rich countries, more and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire. We need a department of government efficiency to wipe out the bloat, stop the corrupt influence of big corporates and banks found guilty in the royal commission. And the promotion of a free, transparent, open market in housing, business, technology, education, tourism, industry, entertainment, and enterprise.
@Dalai3000
Get rid of foreign investors, only Australian citizens or permanent residents whose main residence is in Australia should be able to buy house and land in Australia. Limit negative gearing to one investment property only, and the Australian dream may return to reality for our young people starting out. The current situation is unattainable and is creating poor mental health in our young people. Discuss…
@xshadowscreamx
Australia could have been a self sustaining paradise many years ago but government wanted foreign investment riches and mass migration for band aide fixes.
@AussiePom
I’ve known of local couples who can’t afford to buy a house at the huge prices that they’re now going for. So they do an alternative. The whole extended family pools their money and buys an older home on a large block of land. They then demolish that home and build a much bigger one to house the whole extended family from grandparents to parents to children and grand children. No need to put the grandparents in a nursing home for there’s always someone at home to look after them. By pooling their money they can easily afford to pay off the new home because every adult in the new larger home has a stake in it. I saw it back in the 70’s when Italian extended families all lived under the one roof. Italian grandparents lived with the family until the day they died. There was none of this putting them in a nursing home for there was no need too as there was always someone at home to look after them. They didn’t suffer loneliness for they were always a part of the family unit not an embarrassment to be shifted out of the way as soon as possible like it is in so many Anglo families.
@billhesford6098
A lot of wealthy people from overseas seem to be at auctions and sink the hopes of the locals who cannot compete and the governments seem to not care. Its like they are owned by overseas interests.
@Lilione111
At 57, I’ve had to move back with my pensioner parents. How embarrassing. I’ve supported myself since I was 17. I don’t drink, smoke, gamble or do drugs. I’m not a big shopper & I’m careful, if not a bit stingy & I can’t afford to rent where I live…Gold Coast. It is also partly because at this age, I haven’t been able to find full time work (yet), so I’ve been trying to live on a casual wage. Not possible.
Original source: https://www.youtube.com/watch?v=r66gr2b1IvQ
