Generation Rent: Flat wages and soaring house prices mean more Australians face a lifetime of renting

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One in four Australians now live in a privately rented home and that number is expected to rise until wages growth picks up.

Compared with house prices, the cost of renting has remained relatively stable over the past two decades.

The real estate industry and tenant organisations may disagree on whether or not there is a rental crisis, but there are some points where they do agree.A paper published late last year by the Australian Housing and Urban Research Institute found that 80 per cent of the lowest income earners are paying more rent than they can afford.

The AHURI research found that poorer people were increasingly being squeezed out of the rental market by wealthier tenants.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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You realise, without the immense immigration, our children could buy houses where there parents grew up and wages would’ve very high. Just saying, if you give a shit about your own kids.

If they choose an expensive suberb and refuse to save up. Yes probably.

Shorten took policies to the election but stupid ppl voted liberal A. Stopping negative gearing deductions (interest as a deduction) would IMMEDIATELY see lower house prices. B. Ceasing CGT discounts would remove longterm incentives for houses as investments. You voted for it.

. That's called CAPITALISM. If you want a fairer system with a more equal spread of wealth with safetynets for the poor, then vote for a more socialist govt. Free schools, medicare, heavier taxes for wealthy & lighter taxes for poor, cheaper electricity & insuramce. SOCIALISM.

Mass immigration and the Ponzi scheme cost us dear.

7 children.

Only Australians should be able to purchase domestic property

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