r/AusProperty • u/ThrowReasonOut • Nov 11 '25
QLD Future of home ownership
Now that housing has practically passed the unaffordable threshold pretty much anywhere urbanised (and even many regional and remote areas). How long do we predict society to last? It's well documented that people arent having kids anymore due to housing anxiety and the cost of living these days (among other issues). Is the honest expectation for teachers, nurses etc or anyone with "normal" or average jobs and wages just to put up and accept a new reality, and normalise 70+% of their paycheck going to landholders and banks whilst society slowly decays?
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u/freespiritedqueer Nov 11 '25
Honestly feels like we’re already in that “new normal.” Wages flat, housing insane, and everyone just treading water. Hard to see how it’s sustainable long-term.
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u/TrumpisaRussianCuck Nov 11 '25
Nursing pays pretty well once you account for shift work and allowances. Especially if they're in the public sector and have been doing it for a few years. The work is shit but the pay is decent.
An RN with 5+ years experience would easily be on over $110K-$120K
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u/Real_RobinGoodfellow Nov 11 '25
Yep, and in many capital cities that salary is no longer sufficient to buy a house
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u/TrumpisaRussianCuck Nov 11 '25
Double income couple both earning around the $110-120K mark gives them a borrowing power just north of $1.2M.
I just did a realestate.com.au search and got 63 houses on the Gold Coast that meet that criteria. Brisbane - 123. More if you're open to townhouses or units that are more typical of a couple's first property.
OP is from QLD so used them as two examples.
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u/Real_RobinGoodfellow Nov 11 '25
What if they’re not DINKs, though, lol
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u/TrumpisaRussianCuck Nov 11 '25
If you're single, that puts your borrowing power around about $700K. There's very few detached dwellings in that price range but on the GC that's 213 properties including apartments and townhouses in that price range.
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u/SeaAd8199 Nov 11 '25 edited Nov 11 '25
Most lenders don't consider, or heavily discount, any overtime/shift penalties and instead go off base wage. If you earn good cash because you do a lot of overtime it doesn't really change your approved borrowing capacity.
According to NSW award, RN @ 5 years experience = $1744.70 per week @38 hours per week, or $46.70 per hour, giving around $91k per year gross pre-tax.
Comm bank borrowing power calculator with this pre tax income, no kids, zero expenses, no loams and no credit cards gives borrowing power of $508k for 30y loan @ $2836 per month @60%LVR, so that's $846k house with $300k ish saving, excluding stamp duty.
For 80-90% LVR, $476k borrowing power for $595k house with $120k savings, or $528k house with $60k savings.
x2 of those people together with zero expenses, loans or credit cards gives borrowing power of $973k for 30y loan @ $5581 per month. So $1.65m house with $663k savingsat 60% lvr.
At 80-90% lvr, $934k borrowing power @ $5626 per month @ 30y, so $1.17m with $230k savings, or $1.04m house with $103k savings.
Of course, assuming no stamp duty, no expenses, loans or credit cards, and no children.
I'm not sure if I am way off here, just the numbers i see using very basic tools and a lot of ignorance.
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u/TrumpisaRussianCuck Nov 11 '25
NSW pays the worst of all state health care. OP is from QLD.
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u/Acceptable_Tap7479 Nov 11 '25
Borrowing power and serviceability are also two very different things. It’s what can you afford to pay back monthly that matters and will ultimately dictate what you can borrow and for many, it’s not what borrowing power calculators spit out
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u/purple_sphinx Nov 11 '25
Our borrowing power was less than that (DINKS) and we earned more lol
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u/TrumpisaRussianCuck Nov 11 '25
Borrowing power is going to be subject to many things e.g. credit card limits, debt, living expenses, which bank you go with etc.
This was an illustrative example I put together in like 5 minutes using one banks calculator.
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u/purple_sphinx Nov 11 '25
Bank calculators are very generous and rarely reflective of what people can actually borrow.
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Nov 11 '25
[removed] — view removed comment
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u/Several_Education_13 Nov 11 '25
Guy above you was talking about the online calculators which are highly generous because they’re a marketing tool to generate leads. The 3% you refer to definitely doesn’t apply there.
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u/Interesting_Pie_5377 Nov 11 '25
that hasn't been my experience.
the calculators give a pretty close estimate, especially since they're only looking at income and dependents.
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Nov 13 '25
123 houses thats LISTED price meet the criteria in Brisbane, a major capital city. Fantastic really. And how many home buyers are there in Brisbane right now? I’ll bet your dogs uncles nuts it’s significantly greater than dwellings available
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u/bumluffa Nov 11 '25
Nah mate I don't believe it. Reddit convinced me that home ownership is impossible and out of reach for your average Aussie battla these days
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u/Actual_Subject3802 Nov 11 '25
Whats even the point of owning a house if you arent going to have kids? You might as well rent a 1bedder
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u/TrumpisaRussianCuck Nov 11 '25
You can still have kids. I chose 5 years because that'd be around the time most people are starting to think of having kids these days.
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u/ARX7 Nov 11 '25
Not alone, but with two incomes you might stretch to a shitbox
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u/EntertainmentHot4450 Nov 11 '25
And what’s wrong with a shitbox for a first home?
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u/Tall-Actuator8328 Nov 11 '25
Because they pay it off when they’re 50 and too old to get a new mortgage for a mediocre box. And the shit box isn’t suitable for families.
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Nov 11 '25
Just because a mortgage has minimum repayments of 30 years, why can’t people pay it off earlier? Are you assuming that their income will not rise over the 30 year period?
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u/EntertainmentHot4450 Nov 11 '25
Why is it not suitable for a family?
My family is currently living what I assume you are calling a shit box and it’s fine for us to live in. And while we are living there the property is increasing in value and we are very slowly renovating. So while we live in a shit box we are happy and yes we still have to go without to pay the mortgage.
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u/Redpenguin082 Nov 11 '25 edited Nov 11 '25
That 30 year mortgage is based on if you pay the absolute minimum for the entire life of the loan. But people's incomes will naturally increase over their professional career. Nobody is stuck at entry level salaries until they retire.
People take on 30 year mortgages. Very rarely do people actually take 30 years to pay it off unless they're completely shit with money.
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u/Rusheridan Nov 12 '25
My income was set on a great trajectory and increased — then contract came to a sudden end and my income dropped when I took next job. Maybe will go up again but who knows? Reality is, we can’t assume income always only goes up.
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Nov 11 '25
A lifelong debt burden for a shit box isn't an issue for you? Are you being deliberately obtuse?
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u/EntertainmentHot4450 Nov 11 '25
No not being obtuse. Just stating a fact that it’s ok to purchase a home that needs some work. You knuckle down and slowly do renovations you will have a home that suits your needs. And sorry a 30 year loan is not a lifelong debt, unless you have a low life expectancy.
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Nov 11 '25
The 30 best years of your life. But hey, if you're happy to trade that for a shoebox by all means. I'm angry for you young folk, honestly. I am almost debt free, my house cost 400k, it's now "worth" 1.3 million. Even I couldn't afford my home now, despite years of my salary increasing. The moment we find ourselves in recession so many people are going to be wiped out financially.
That in my mind is simply wrong. Young people deserve better. Pricing so many out of home ownership and household formation is a disgusting policy failure.
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u/EntertainmentHot4450 Nov 11 '25
Yes I’m happy and so is my family. We are slowly making a home out of our so called shitbox.
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u/Tall-Actuator8328 Nov 12 '25
You’re the only one calling your place a shitbox. We may not be on the same page about the definition of. My experience is there are a ton of tiny ill designed villas with very little room for renovations to improve. Eg so many places can only access the backyard through the 2nd bedroom. That is not reasonable for a young family, or even a share house tbh.
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u/EntertainmentHot4450 Nov 12 '25
Sorry I’m not being objectionable but why is it not reasonable for a young family to enter the back yard via the second bedroom?
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Nov 11 '25
Your party affiliations are impacting your capacity for critical thinking. Notwithstanding, I'm glad your family is happy.
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u/ButchersAssistant93 Nov 11 '25
Cries in NSW Health nursing award rate.
As an RN5 I would have to work a lot of overtime and on calls to make that amount !
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u/This_Stretch_3009 Nov 16 '25
A 17 year old 1st year APS3 in Federal government can easily make $150K a year with overtime if you're in one of the departments with unlimited overtime, which is quite a few of them.
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u/Inner-Armadillo5129 Nov 11 '25
25 with a "normal" job and just bought a 2br apartment 12 mins from Bris CBD, took lots of hard work and saving but got there in the end
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u/lukeyboots Nov 11 '25
What’s your salary & did you get any help with the deposit?
Also did you live at home with the ‘rents and pay no rent til 24.9 years old?
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u/Inner-Armadillo5129 Nov 11 '25
137k, no help with deposit. Lived with parents till 20 then share house thereafter.
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u/lukeyboots Nov 11 '25
Well there you go mate, $137K is not a ‘normal’ job in the sense of the average salary.
Well done to you, and I’m sure you saved hard. Nice work getting your rung on the ladder.
It’s a lot different for folks on the median wage & having to rent from age 18-40 & try save a deposit.
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u/OldJellyBones Nov 15 '25
not sure why you're getting downvoted, but I will say that $137k puts you just over the line into the top 10% of earners in Australia. It's not what most people earn in Australia
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u/Mysterious_Buy_8656 Nov 16 '25
Dudes income is near double the national median lol and calls it normal
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u/bumluffa Nov 11 '25
Are you lying mate? That's impossible reddit said it couldn't be done....
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u/Inner-Armadillo5129 Nov 11 '25
Fortunately i bought the day before the 5% scheme came into effect and prices went up 1000% instantly, also advice taken from reddit
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Nov 11 '25
I know right. Every second post here is “the sky is falling”. I mean yeah it’s far less affordable than it used to be but depending on asset type, you can still buy things in most budgets with some compromise.
But hey, whinging on Reddit is far easier so let’s do that instead
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u/ZuccemSuccem Nov 12 '25
137k isn’t a ‘normal job’ mate and the rhetoric that people working in service don’t deserve to be homeowners is cringeworthy. Go outside and touch grass, you’re not above anyone and you come across as a low empathy loser.
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u/grilled_pc Nov 11 '25
You have no kids for starters. Try doing this single with kids. Borderline impossible.
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u/runnybumm Nov 11 '25
Its likely we will follow the US and introduce 50 year loans which would increase the interest paid from double to triple
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u/rnzz Nov 11 '25
Compared to a 50 year mortgage, wouldn't it be better just to rent?
I mean, of course, there's a risk of getting a terrible landlord or being forced to move. But over 50 years, there will be all sorts of major repairs and maintenance works, the demographics of the area will change, and there could be zoning changes and infrastructure works that might make living there very different.
We're also talking about someone who's now 30 taking a mortgage that will only pay off when they turn 80. Life happens and housing needs change, families grow, kids may need a different school zone, marriages can end and couples split, and if you do move out from the house, how much of the 50 years mortgage principal would you have paid and would it make a material difference to purchasing your next home compared if you had been renting.
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u/LuminanceGayming Nov 11 '25
there's a risk of getting a terrible landlord or being forced to move
you can say that again, and every 6 months from now until the end of time
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u/rnzz Nov 11 '25
No doubt it's shit when it happens. But over the last 23 years I've been renting for 18 of them, and have only had to move out twice because landlord was selling. Looking around at friends who rent, it seems rare enough to see a case of shitrentals, so if the alternative is a 50 year old mortgage, it seems a better shot for me to rent in the short-medium term.
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u/lukeyboots Nov 11 '25
I’ve rented for 20 years in Sydney and moved 5 times in 2.5 years between 2022-2024.
Including twice in 2 months after having a LL end the lease on one sharehouse, and the next LL ending the lease on the next sharehouse the week I moved in.
Your experience is definitely not the norm.
Post 2020, moving every 12 months is the new norm for most renters in major cities.
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u/bebefinale Nov 11 '25
The US doesn't actually have 50 year mortgages, they have 30 year mortgages. That was just some Trump rambling. They just have fixed terms over the course of the entire mortgage rather than a fixed term period and variable loan like here because their mortgages are backed by the federal government.
With a 30 year mortgage, most people don't stay in the same house for the duration of the loan. The average home owner stays in their house for 11 years in Australia. So I imagine aside from gaining equity much less quickly, people would generally stay in their home until they needed a new home, and then hope they made money or at least broke even when their housing needs change as they do with shorter mortgages.
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u/diskent Nov 11 '25
Oh the 50 year is coming.. it’s going to be renting with owner perks.
Something the US also does which keeps people locked in is that it’s the seller that pays the taxes and both sides of the agents (default is 5% split). Depending on state this can be as much as 12-15%
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u/bebefinale Nov 11 '25
Yeah but there’s no stamp duty.
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u/diskent Nov 11 '25
Just ongoing property tax, mines just under 2% this year. Which is low for some states and counties
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Nov 11 '25
If you have a mortgage of that length, you're selling when the price goes even higher and then downsizing when you're 60 to somewhere basically for free (perhaps the same price as what you have already paid off on your original house).
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u/rnzz Nov 11 '25
This is normally what we'd expect to see with a 30yr mortgage. With a 50yr mortgage you'd still have a huge chunk left by the time you're 60, e.g. if you buy at 30, you'll still have 20yrs worth of mortgage principal left, which is huge. So that when you sell, a lot of it would go towards paying off the mortgage.
Price increases won't matter as much if you only have 1 property, and you downsize in the same market, because you'd typically see other property prices going up at about the same rate. Maybe if you downsize to a regional town or overseas like to SE Asia.
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u/huds27 Nov 12 '25
Hopefully not. But Australia could follow the US by providing a 30 fixed rate.
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u/runnybumm Nov 12 '25
Unless something changes low, middle and some high income earners are completely priced out of the market which i dont see how is sustainable. I do agree hopefully not though, I just dont see another way
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u/huds27 Nov 12 '25
I can't see how anyone in power (left or right) is incentivized to change things. The future is simple for most of the population: you are born into means and can afford to buy, or your born into renting for life. There are outliers, like exceptional people who jump classes, but for most people it comes down to your parents and their wealth (or there lack of).
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Nov 11 '25
Our government is abusive. Remove both major parties and maybe just maybe citizens can have a future again in this country where we aren't sold out.
Imagine bringing in hundreds of thousands of migrants a year with this backdrop? Traitorous behaviour.
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u/Lono64 Nov 12 '25
Just the decline in births will eventually end society. My kids will have to make a fortune to own a home.
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u/MannerNo7000 Nov 11 '25
This sub is full of older property developers they will gaslight, lie and disagree with you.
Facts and logic don’t work with them.
You can show them data and evidence to no avail.
‘But I know a young guy who did or I read the paper a story about a guy…’
They hand and cherry pick rare examples.
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u/AdelMonCatcher Nov 11 '25
“How long do we predict society to last?”
OP needs some time off social media because this is just ridiculous.
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Nov 12 '25
It’s degrading slowly. We aren’t having children at replacement rates and are instead importing workers from other countries which drives costs up and labour value down.
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u/AdelMonCatcher Nov 12 '25
Consumer sentiment rose yesterday for the first time in 4 years
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Nov 12 '25
That’s cool. Meanwhile Australians aren’t having children and 600000 people are imported each year
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u/SleeplessTraveller Nov 11 '25
Are you a teacher or a nurse? Move to a regional town - plenty of jobs and affordable housing.
It would be great if capital cities stopped growing and our population was more dispersed.
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u/AnonymousEngineer_ Nov 11 '25
Teachers in NSW have one of the highest graduate salaries of all professions. It's $90,177.
The myth of teaching being a low paid profession isn't really true when graduates straight out of uni are on the national median full time salary.
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u/morgecroc Nov 11 '25
The issue is teacher salary caps out lower than most other professions needing similar qualifications.
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Nov 13 '25
[deleted]
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u/MathmoKiwi Nov 14 '25
Yeah, there are almost zero free market forces in the public school system. People are not going to be rewarded for being best of the best, like you would be in the private sector. Then people in the public school system get shocked that their incomes don't match what top flight professions in the private sector get.
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Nov 11 '25
Imagine the solution being to move to regional shithole and leave your network behind to own property lol.
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Nov 12 '25
Are you that sheltered that the idea of living outside a capital is so repulsive?
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Nov 12 '25
Are you that far removed from the professional sector that you don't understand no work exists in regional centres? I have a custom search set up to keep an eye on interesting contracts that might pop up. Currently 522 that fit my parameters up for grabs in the city. In our largest regional centre, there are 2 lol.
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u/SleeplessTraveller Nov 20 '25
We’re not at all removed from the professional sector. The good jobs in the regions generally aren’t publicly advertised. As someone who’s only ever worked in the city, you wouldn’t know that.
I had a recruiter call me yesterday for a regional CEO role, it’s not on Seek. They were referred to me by the person leaving the role.
I make more now than I did in the City. Low supply = higher salaries.
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Nov 20 '25
What makes you think I've only ever worked in the city lol? You don't know me at all. The city will always command higher salaries, you were just mid at your city job lmao. You are now simply a bigger fish in a smaller pool. The biggest fish will always be in the biggest pool.
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u/SleeplessTraveller Dec 17 '25
If you’d ever worked regionally you’d know most of the jobs and contracts aren’t advertised, so you wouldn’t be referring to your search stat as a measure of ‘how much work exists in regional centres’.
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Dec 19 '25
I have delivered projects in both Goldfields Vic and South Eastern NSW. Both jobs were offered to me and advertised from the city lol. Eat my ass.
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u/SleeplessTraveller Dec 19 '25
You said earlier that ‘no work exists in regional centres’, yet you’ve now just demonstrated it does.
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Nov 11 '25
Not many people have to imagine as that’s what every generation has had to do. No one got to start their life in the community they grew up in everyone has had to move away when they start out.
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Nov 11 '25
There's a pretty big difference between moving 40km away and moving 350km away.
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u/OldJellyBones Nov 15 '25
Not many people have to imagine as that’s what every generation has had to do.
patently false, boomers and Gen-X did not ever have to move out to the regions or go bush en masse to find affordable property. The false reality your sort lives in is incredible.
No one got to start their life in the community they grew up in everyone has had to move away when they start out.
the vast majority of people in the generations preceding Millennials didn't move further from cities or inner suburbs at any point
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u/elmo-slayer Nov 11 '25
Yeah either of those professions could get a job pretty easily in just about any town in the country, and often get paid more for it
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Nov 11 '25
How long do we predict society to last?
This is strange phrasing. I think I understand what you're trying to say but society won't 'end' from a housing crises - it simply changes. It has already changed. If you have told me when I turned twenty that a houses in Northcote would be $2,000,000 by the time I turned forty I wouldn't have believed you. We don't know what's possible. We don't know what we don't know.
The way it's changed for me is this. I was living in share houses until my early thirties. I did not find a partner who shared my way of being - or enough of my cynicism to work together to get out of it. My world collapsed inward after one to four mental breakdowns, and something changed and I just stopped expecting anything to change in my favour.
I knuckled down for a few years, bought the nicest apartment I could afford and hung pictures on the wall. I earn mid six figures.
Society will go on forever until we kill ourselves off through war/technology or a virus. House prices will never go down. New humans enter the system at a point where they never knew anything else, and accept less than you. Teachers, Nurses, etc will just live with worse upward mobility than today, and it will be entirely normal.
The best we can hope for is a societal collapse in some part of the world that influences us. China or the USA or Europe, and we are given an opportunity as a species to remake what we think is worthwhile. Living. Not producing and consuming.
I wouldn't bet on it in your lifetime.
Until then... buy yourself the nicest apartment you can afford or get left behind.
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u/Fuzzy_Collection6474 Nov 11 '25
We either have the option to run away to less urbanized places and price out the locals there or we can stand up and agree that housing value increasing faster than wage inflation creates an inherently unaffordable society. Until we can all agree on that basic fact and start making changes to reverse this our only options are really to eat it or go to greener pastures. I personally love where I live in Brisbane, don't want to leave but also understand once I finish Uni I'm gonna have to haul ass to get into the property market
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Nov 11 '25 edited Nov 11 '25
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u/Splicer201 Nov 11 '25
The median house price in Brisbane is over a million. Real estate.com right now shows zero listings for 3 bedrrom houses 600k or under, 4 listings for 700k and under.
People buying houses in Brisbane are not nurses or people with normal jobs. Nurses and people with normal jobs are buying houses, but not in Brisbane. OP has a point. There are limited areas in this country where people with normal jobs can afford to buy a house, and those areas are growing more limited daily.
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Nov 11 '25
People with normal jobs can still have loaded parents.
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u/spelt3r Nov 12 '25
As a high earning, highly taxed child of two minimum wage cleaners who will not only inherit nothing but likely also support them in retirement I really loathe normalising the idea of relying on the bank of mum and dad.
If the big way of building wealth and removing the biggest household cost is only available to the children of the rich we have a system that is going to entrench inequality and erode the Australian egalitarianism that politicians of all stripes claim to love. This is only worsened by the taxation system which treats income from assets way more favourably than income from labour and allows losses from risky bets to be deducted from income tax.
Exempting those who own and inherit and putting the majority of the taxation burden on the innovative and in demand is at best a recipe for mediocrity.
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u/Redpenguin082 Nov 11 '25
This is anecdotal but I know plenty of couples who are purchasing houses by combining their purchasing power. And both are on pretty average salaries around $100k a year.
It's not this doomsday scenario that 99% of workers are locked out of homeownership. In fact it's very achievable for a dual income couple.
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u/Splicer201 Nov 11 '25
A salary of 100k a year puts you in the top 30% of earners in the country.
The median income from main job is $72 592.
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u/Redpenguin082 Nov 11 '25
I drew from OP's example that teachers and nurses are the "normal, average jobs" that are supposed to be representative of home buyers. Teachers and nurses can easily crack $100k per year after a few years of experience and advancement in the industry.
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u/Splicer201 Nov 11 '25
I’m not sure on what nurses earn, but teachers are actually very decently paid, atleast here in QLD. They earn above average wages.
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u/Redpenguin082 Nov 11 '25
Yep. Also, doesn't the median salary take into account part timers, skewing the amount slightly lower?
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u/Real_RobinGoodfellow Nov 11 '25
I suspect you may not know the full story a lot of the time. I know plenty of young people who’ve bought houses within the last five years and every single one of them had parental help
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u/bumluffa Nov 11 '25
But reddit said it couldn't be done and we're past the point of no return?
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u/Redpenguin082 Nov 11 '25
Reddit's housing crisis is apparently defined as not being able to buy a 4 bedroom inner-city free-standing house on a below-average salary
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u/Exciting_Thing2916 Nov 11 '25
You forgot that it has to be within 5 driving minutes of the grandparents, and 10 walking minutes from the best schools, and be a minimum 600sqm
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u/OldJellyBones Nov 15 '25
$100k+ a year is top 20% of earners. It's in no universe an "average salary" a combined household of $200k+ isn't the norm
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u/Splicer201 Nov 11 '25
In Brisbane? Or outside of Brisbane where it's cheaper (like Ipswich, Caboolture, Logan ect)
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u/OldCrankyCarnt Nov 11 '25
There are other properties apart from houses. So people will be buying that. Now a decade, two or three later even this will become a problem, but by then it's unsure whether Brisbane will be habitable at all
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u/purple_sphinx Nov 11 '25
I accepted Sydney house prices because of Sydney wages. I can’t understand how other capital cities (excluding Melbourne) cope with these giant mortgages on their salaries.
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u/Recent_Artichoke_923 Nov 11 '25
Wrong. It could very well be nursers. The key point is do they already own a home and are upgrading.
No newly graduated nursers are buying $1m homes though
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u/Error1984 Nov 11 '25
Do you really think fresh faced grads of any industry should be buying property?
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u/Real_RobinGoodfellow Nov 11 '25
That was literally the norm in this country until ~15 yrs ago lmao.
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Nov 11 '25
No it was not. When I purchased my very basic property 20kms north of Brisbane 15 years ago, it was still 7 x my base salary.
The same property is now 8 x the salary of that same position today.
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u/Splicer201 Nov 11 '25
Doubtful. Brisbane has seen a 100% increase on property price in past 15 years. Bet ya it’s increased more
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u/KonamiKing Nov 11 '25 edited Aug 31 '26
Ribbon umbrella cover cagey books profit sink unpack
This post was anonymized with Redact
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u/Splicer201 Nov 11 '25
Yes. But a 1 million home is not some fancy mansion you buy later on in life after you have built up heaps of equity. A $1 million home is the MEDIAN home, which should be affordable to the MEDIAN wage, not only attainable by holding equity in property already.
Starter homes in Brisbane are sitting around the 800k plus.
The housing market is unaffordable to first home buyers and people who don’t already come from wealth.
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u/mattjrich123 Nov 11 '25
Not true though? My partner and I just bought a 3 bedroom home, no rich parents. Just because people can afford it doesn't mean they have rich parents.
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u/Splicer201 Nov 11 '25 edited Nov 11 '25
Do you and your partner have a combined household income of 176k or under and did you buy in Brisbane LGA?
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u/mattjrich123 Nov 11 '25
Not in Brisbane, but in south west Sydney. Similar average prices, purchase price around 850k. Income less than 176k
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u/Splicer201 Nov 11 '25
Fair enough. My problem is I’m single, so I’m basically fucked unless I can find a partner to go halves in a property with.
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u/mattjrich123 Nov 11 '25
And I totally agree with you there. I had the same thoughts when I was 21 and single. I'm not saying the situation is right, but there is a huge insult when the insinuation is that people who buy must have parental assistance
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u/Perfect_Lifeguard524 Nov 11 '25
Equity corporations like Black Rock and family trust accounts managed by the top 10% of earners
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u/ThrowReasonOut Nov 11 '25
The trend line is point to housing only getting more expensive. Are we just supposed to kick the can down the road so the next two generations won't have a realistic opportunity to be home owners unless they get help from family?
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Nov 11 '25
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u/sydsyd3 Nov 11 '25
Population is increasing due to migration.
A huge issue is that the cost of building has increased significantly over the last few years. Part of this is due to labour shortages however materials, government charges and red tape are also crazy high. I’m a builder and see this first hand
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Nov 11 '25
The only way someone can have a home is to buy a house? Apartments and townhouses aren’t homes?
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u/sydsyd3 Nov 11 '25
Yes they are. However there are significant issues with quality. 50% are garbage quality so be very careful. I’m a remedial builder and it’s sad to see how much people are paying to fix what should be ok
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Nov 11 '25
The same can be said for houses though can’t it?
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u/sydsyd3 Nov 11 '25
We fix both. I’d say in general units are worse given the unregulated free for all the last 20-25 years. Houses have way more actual physical inspections. For example it was for units the certifier was required to inspect 10% of wet area waterproofing whereas for houses it was 100%. Disgusting negligence by the NSW state government the pricks.
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u/maximusbrown2809 Nov 11 '25
Seriously??? Society can’t isn’t going to last coz some people can’t afford a home? You know places like New York and Singapore exists right? Where pay rent and invest in other things? I don’t see Australia failing as a country any time soon.
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u/return_the_urn Nov 11 '25 edited Nov 11 '25
They also aren’t as unaffordable as sydney or Melbourne , Brisbane, Adelaide and Perth
For all those that can’t handle the truth https://www.chapman.edu/communication/_files/Demographia-International-Housing-Affordability-2025-Edition.pdf
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u/Odd-Professor-5309 Nov 11 '25
Someone owns every house.
Home ownership is 100%.
But just like everything, not everyone can afford one.
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u/Individual-Flan8448 Nov 12 '25
Surely Australia will have to expand to regional hubs and develop out there.
Everything is cheaper and we have so much land but no major inland cities.
Then go and rent out in Sydney for a couple of years as a lifestyle choice - I don't think this is at all desirable, but probably what the next chapter of things will look like.
A couple of other trends that go against housing prices going up forever are:
- Economy getting worse + aging population
- Younger generations get larger voting base and vote to implement reduced tax incentives on non owner-occupier homes
So who knows! We put way too much of our nation's capital into property, top public companies all housing related. So things will slip away unless we have more industry making better jobs for more people.
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u/OldJellyBones Nov 15 '25
Surely Australia will have to expand to regional hubs and develop out there.
the Australian political class is allergic to national development so this will probably never happen
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u/SpectatorInAction Nov 12 '25
Society will continue to function in its renter-class misery, because Australians are too bloody stupid to get that what's happening to others is also happening to them, that they are ignorant that they are doing a lot of the politicoelite's bidding against their own best interests (eg, that objectors to mass immigration are racist) but in any case too selfish and lazy to take to the protests that are happening for their benefit as well, and still see voting as a choice between ALP and LNP believing the lie that the next govt by either party will make social and economic life better.
For those who have moved beyond the intellectual challenge of turning on the TV, they are stuck with those who live The Block, the MSM news garbage and the weekend full of sport watching.
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u/Tall-Actuator8328 Nov 11 '25
Well we can both only assume what OP meant. If they’re fhb and stretching for it, I assume it’s entry level, which is 1 bed and 1 very tiny bed. Not a lot of room for renos or space to grow up and live.
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u/Own-Specific3340 Nov 11 '25
The government will just bring in more people. Probably from richer backgrounds to be able to keep the property prices propped up.
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u/PaleontologistNo858 Nov 11 '25
People will always keep on having more people. We need to start building up, not out, and build housing that is affordable for the majority of people out there.
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u/Young-hee Nov 14 '25
There’s a lot of fear for the future, going around these days. But history has proven that trying times have been the best times to invest. Those who were brave enough when others were fearful, have benefited a lot.
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u/Subject-Divide-5977 Nov 14 '25
People in first world countries are having less kids. People in developing countries with very little income or subsistance living have lots of kids. Not having your own house does not stop renters from having children. I know. Not a popular opinion.
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u/SufficientRub9466 Nov 15 '25
I mean society will only decay so far until we get the guillotine out right?
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Nov 16 '25
Australia is a democracy. Unaffordable housing is a choice. Currently more voters benefit (or think they benefit) from increasing prices. I think that will change, already attitudes are starting to change.
The current government wants house prices to keep going up. Voters will need to vote for a government that wants prices to stay flat or decrease slightly.
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u/Particular-Beat-3758 Nov 17 '25
My friend selling a caravan combined cabin permanent 365 days cheap $ 180,000. But need to be above 50 and no mortgage buy out right. In hervey bay qld
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Nov 11 '25
Why do you think that society only operates if people can own property?
Does that mean that Germany is no longer operating as a society as over 50% of their population rents?
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u/000topchef Nov 11 '25
Dual income no kids for the win. Eventually population drops to a level that reduces demand, prices drop
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u/bluebluerose Nov 11 '25
buy an apartment just like every other major city around the world. if you're single you shouldn't need a big house and big backyard as your first home, get real with your expectations.
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Nov 11 '25
Here's a good example. I have 75k in savings. I lost my job and now have picked up another job earning much less at 45k a year. I can not get a loan from anyone because it's not 'at least 50k a year' nevermind how good I am at saving and proving via bank statements that I'd be able to pay off the debt. Tell me what is the cheapest appartments around? 350k in Lakemba? What about outside the cities? Barely any appartments in larger or smaller towns.
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u/OleBiskitBarrel Nov 11 '25
And who does OP expect to bring society down? Certainly not them - online whiny-types are usually as useful as an extra nipple and about as threatening as one too.
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u/OkCaptain1684 Nov 11 '25
I just checked, 2 people on $90k each can borrow $1mill, that will get you house easy. Teacher graduate salary starts at over $90k, so 2 teacher grads can afford a nice house. With 5% deposit they only need $50k which you could save in a couple years. Am I missing something?
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u/OldJellyBones Nov 15 '25
imagine borrowing a million dollars on a 90k salary, and only putting 5% downpayment, you might as well kill yourself at the bank lmao
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u/Own-Specific3340 Nov 11 '25
Exactly, a $5.5k monthly repayment is totally doable/s. Literally half their income to a mortgage.
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u/OkCaptain1684 Nov 11 '25
How is $5.5k not enough? We do it as a family.
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u/Own-Specific3340 Nov 11 '25
Because in a balanced market no more than 30% of your income should go to housing.
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Nov 12 '25
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u/OldJellyBones Nov 15 '25
"just move to rural Australia where there's no job for you and where house prices are rapidly catching up to the suburbs" get fucked lol nobody should have to do this
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u/tranbo Nov 11 '25
Home ownership will be a 2 bedroom apartment instead of a 3 bedroom house. Right now every new apartment has approximately 150k extra in fees via Council contribution funds, stamp duty and GST . It really shouldn't be new apartments doing all the heavy lifting in terms of revenue generation , rather wealth taxes e.g. Broad land tax and reduced CGT discount .