23yo on $80k stunned by ‘crazy’ Aus reality

A young Aussie has revealed how the housing crisis in Australia made her realise the “crazy” difference between her and her mates.The rental and housing crisis has separated young people into two groups in Australia : those that are from money and those that aren’t.

“After university, everyone had the option to go home and work. Whereas, if I wanted to have a good life, I couldn’t go home,” she told news.com.au. She explained that it was hard to comprehend that so many of her peers were in a position where they were going through life with the expectation that they’d inherit a house or get financial help with their first deposit.

Shawna doesn’t have the option of getting financial help off her parents. Picture: TikTok/shawna.madisonMs Pope said she noticed the wealth divide more when she began her business degree and started mingling with university mates and their families. She found the way their parents spoke about money and careers foreign to her.

Ms Pope said that one of her main focuses in life is to save up for a deposit, but she won’t have help from her parents. “It is so crazy there is a housing crisis because housing is a fundamental human need,” she said , said that borrowing from the Bank of Mum and Dad definitely allows for a major advantage when entering the housing market.

Source: Real Estate Daily Report (realestatedailyreport.net)

New South Wales Comparison Website Housing Crisis Loan Approval Fundamental Human Wealth Divide Young People Bank Of Mum Oceania Business Degree University Mates Home Loan Mary Madigan Family Home Pay Cheques City Friends Australia And New Zealand Interest Rates Rental Crisis Graham Cooke Generational Trauma First Nations Consumer Research People Talk Australia Sydney Non-For-Profit Foundation

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