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12 Comments
Note: These are Australian Dollars, not US Dollars, these amounts are still a lot but a lot less then they would be if you assume they’re US dollars
Great so for me to afford an “average house” in Brisbane I need to work *checks math* 27 hours a day at my current rate.
Oh good to know. I just need to **work harder.**
May as well be in Monopoly money.
oh thats a bit depressing. time to go full on with being a homeless hermit
Quite amazing Australia’s allowed this to happen. They have none of the space/nimby constraints of Europe.
For Europeans who always dreamed of moving to Oz one of the main reasons was the relatively cheap housing.
It is so high because they are paying 37 percent of their income as a tribute to the Emus after losing the Great Emu War, which raged in the early 1930s.
And with the minimum award wages, hard to believe anyone can get ahead, especially in hospitality..
Other than Sydney, that seems fairly in line with here in Dublin in Ireland. You currently need an income of >€100,000 >Aus$160,300 for an average home.
Demand is huge and supply can’t keep up and isn’t scaling quickly enough at all.
FYI current exchange rate is Aussie to .67 usd. So just times these numbers by .67 and you can get USD equivalent.
Now I just need 2 wives who earn 100k/year
And the media is full of stories of how Jimmy built a portfolio of 27 homes by the age of 30 while working as a barista. (Neglects to mention rich parents who guaranteed the loans)
It’s doable for dual income households. But for single people, yikes.