We want to hear how Australia's housing crisis has impacted you. Share your story
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Are you affected by the housing crisis in Australia? The issue could be pivotal in next year's federal election and ABC News is asking you to share your housing story.
  • NathAEnglish
    12·
    6 days ago

    Our story is the same as most people: We can afford to rent; but we can’t afford to buy.
    We aren’t in danger of being put on the streets, but we are under a different sort of crisis where a combined household income of over $200k is somehow not enough to buy a house these days.

    Not that long ago, you could buy a 4-bedroom house for $200k. House prices have gone stupid.

  • SalvoEnglish
    42·
    5 days ago

    It’s not a housing crisis, it is debt crisis.

    The RBA put up interest rates because we had too much personal debt. This did not reduce personal debt, it increased personal debt because people were unable to make the increased repayments.

    The increased interest rates also made it difficult on businesses; they have had to cut employees overtime, which has made it more difficult to maintain weekly commitments.

    Due to the economic downturn commissions are also down which has made it more difficult to maintain the monthly commitments.

    The increased cost of living as a result of Grocery store, Insurance Company and Utility provider price gouging.