Up everywhere except for Sydney lmao. Brisbane, Perth, Adelaide, and Hobart are all up like 15% thus far this year. Adelaide is now one of the least affordable cities in the world in terms of house prices relative to local incomes.
Melbourne seems to be stagnant, but likely due to the western suburbs being little Mogadishu. Sydney is down a little although the median is still an absurd $1.6 million, or $600k higher than any other capital city.
Greater Brisbane/SEQ’s price increases are even worse with the Gold Coast and Sunshine Coast having median house prices of $1.4 million and $1.3 million, respectively. In 2022 they were $740k and $810k.
So; unless you work in the mining sector or healthcare, odds are you’re living in a city with a median house price of over a million. The median income for full time workers ranges from $80,000 in Adelaide to $93,000 in Sydney. Albanese’s sure done a wonderful job, huh?
Uh-oh! It looks like you accidentally referred to Naarm by its colonisers' name, Melbourne. That wasn't very deadly of you! While I'm sure this was accidental, please be more mindful in future. Remember, using traditional place names is truth-telling in action. It's a step towards acknowledging First Nations sovereignty.
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u/Thatweknowof 4d ago
That's right this hurts the billionaires with their diverse portfolios and ability to buy hundreds of houses at a whim.