Australian Bureau of Statistics (ABS) 1970-2023 capital cities property prices. With a nice little video for those with tiktok brain.
The 'cost of living' is a bot slogan used by midwits who can't math and couldn't read the writing on the wall for the last 23 years.
The average full-time earnings in 1975 was $7,600 per year, property was $24K to $35K. You would earn annually 1/5 the cost of a property. The rule dictates that your mortgage repayment shouldn't be more than 35% of your gross income and not more than 45% of your net income after tax. So an average property was affordable even on minimum wage with a 15yr mortgage, with 30yrs being maximum term.
Wage in 1975 is $7,600 p/yr: Property in 1975 is 35K Wage in 2024 is $89,000 p/yr: Property in 2024 is now 1.6M with a 6-7% increase before year's end. Inflation outstrips wage growth, even when saving for a deposit. The goalposts move quicker than you can save, not accounting for the increase in food, utilities and rent. You now need an income of 240K to qualify for a mortgage.
According to Finder, the average freestanding home within a 30km radius of the city (Within 1hr commuting distance to employment) requiring a minimum combined household income of $400,000 or more to pass the affordability tests necessary for a loan.
Only 2 per cent of those required to pay tax earned more than $211,365. Only 3 per cent earned more than $188,667.
After covid, increase in rent has increased 8% per year, with wage growth around 2-3% bi-annually.
The only fix is to guillotine every politician, reverse all migration since 1990, regulate corporate Australia and completely reform the building trade, whilst also subsidising trade qualifications to promote builders and continue urban sprawl by allocating several thousand more cities all around the A1 Pacific hwy. The USA has some 19K cities, Australia has only 86.
But the main reason is that (((politicians))) have property portfolios as investments and not for habitation. Negatively geared assets and foreign ownership, mass migration increase properties capital growth adding to politicians nest eggs, making property unaffordable , retarding White birth rates so they can make a shekel whilst Whites are genocided.
The State of Palestine has no military, not a land army, nor an air force or a navy. Palestine has a PSS (Palestinian Security Service) that runs at the behest of Israel. It was established in 1994 by president Yasser Arafat in accordance with the Oslo Accords, that is an equivalency to the Shin Bet in Israel.
There is no war in Palestine, there is ethnic cleansing of a military state that Israel controls.
