To understand why 30-somethings feel like they're struggling financially, the ABC analysed five factors — housing, healthcare, debt, tax, and income. The data reveals this generation is caught in an economic perfect storm.
The problem is if it were sold today it’s a 100k loss.
How does that work? House prices have been going up since forever. Even if you bought at the highest peak and sold at the lowest trough of the last 5 or 6 years (if not longer) I’d be surprised if you managed to lose money on a house.
It’s a myth that house prices always go up. There are plenty of apartments in Melbourne CBD around $400k, which is what they cost ten years ago.
Yes, nice big 4 bedroom two bathroom houses in nice suburbs have massively increased in value. But the bottom end hasn’t moved nearly so much, because the buying power of the bottom end purchasers hasn’t increased by that much.
How does that work? House prices have been going up since forever. Even if you bought at the highest peak and sold at the lowest trough of the last 5 or 6 years (if not longer) I’d be surprised if you managed to lose money on a house.
It’s a myth that house prices always go up. There are plenty of apartments in Melbourne CBD around $400k, which is what they cost ten years ago.
Yes, nice big 4 bedroom two bathroom houses in nice suburbs have massively increased in value. But the bottom end hasn’t moved nearly so much, because the buying power of the bottom end purchasers hasn’t increased by that much.
Because one house is in the northern Territory and property prices fell out the arse after the gasplant build