Treasurer Jim Chalmers said ‘there are too many properties empty around Australia’ as tight supply leaves many renters struggling to find somewhere to live.
Where are you? The article is about Australia. In Sydney, you probably wouldn’t have seen the prices you mention since at least the 1980s.
This Australian Property price update might be useful for information purposes. The median Sydney dwelling is AUD$1.1M or about USD$720,000. The median regional dwelling (ie outside of Sydney) is over AUD$700k, so about USD$460,000.
Canada, our money has about the same value and median house value in Toronto (our most populous city) is CAD1.1M
656k median house price in Canada as a whole.
The condo I used to own is located about 20 minutes from the downtown area of the country’s capital (Ottawa), the whole region has about 1.7m in population, the cottage is about an hour away from there.
What’s funny is that when I was telling my younger colleagues to do like I did and use that as a stepping stone to eventually buy something better, the reaction was always the same, no purchase unless it’s a single family house…
Where are you? The article is about Australia. In Sydney, you probably wouldn’t have seen the prices you mention since at least the 1980s.
This Australian Property price update might be useful for information purposes. The median Sydney dwelling is AUD$1.1M or about USD$720,000. The median regional dwelling (ie outside of Sydney) is over AUD$700k, so about USD$460,000.
Yes, we are fucked.
Canada, our money has about the same value and median house value in Toronto (our most populous city) is CAD1.1M
656k median house price in Canada as a whole.
The condo I used to own is located about 20 minutes from the downtown area of the country’s capital (Ottawa), the whole region has about 1.7m in population, the cottage is about an hour away from there.
What’s funny is that when I was telling my younger colleagues to do like I did and use that as a stepping stone to eventually buy something better, the reaction was always the same, no purchase unless it’s a single family house…