The dream is dead.

Some slowing in the market.

The median house price in Australia’s combined capital cities is $882,396.
The median house value in Australia’s combined regional areas is $601,949.

Property didnt contract in price for long. Its on the march again.

The latest data released on Tuesday by the Bureau of Statistics revealed that in spite of rising interest rates, property prices in the first three months of this year actually went up in most states.

We really need to update the old adage. No longer is nothing more certain than death and taxes; it’s now death, taxes and rising house prices

"We consider ourselves a middle class Australian family. This hasn’t always been the case. My husband and I come from migrant families and did not have a lot of money growing up, yet we were grounded in strong family values and beliefs. We were sold the dream that, with hard work, one could escape the welfare cycle and have a comfortable life in Australia, the land of beauty and abundance.
We’ve worked very hard since our teenage years to have “made it”. Now middle-aged and with three young children, we no longer rely on government assistance. We bought our own home and were lucky enough to buy an investment property in the hope of it bringing financial security. We now feel cheated. It is clear the system our economy is based on is flawed."


Poor dears went from nothing to two houses on the drip and the systems flawed? Perhaps their perception of risk helps make the system flawed.

LOL goes on to say:
"Having recently stopped paid work to care for our three young kids, the rise in interest rates and costs of living pressures have forced me to consider returning to the workplace. This is an anxiety-inducing thought, as I would be returning to a low income, to work burnout and to physical exhaustion. For what? To barely cover childcare fees, buy slightly more expensive food, get takeaway more often and perhaps if we’re lucky have an occasional weekend away."

"There are more renters now than ever in Australia's history"

Lucky Luke said:

"There are more renters now than ever in Australia's history"

Click to expand...

Inflation; how those with assets steal from those earning a wage.

James had been living in his apartment in inner Sydney for more than two years when the agent called and told him he had to move within seven days.
“I was working during the day. I was looking for places and did everything, but it’s hard out there,” the 44-year-old says.
“There were so many people at every inspection I went to.”
https://www.theguardian.com/australia-news/2023/aug/11/nsw-minister-concedes-social-housing-situation-desperate-as-waitlist-for-most-in-need-doubles-in-a-decade
On day seven of his frantic search he went home and the locks had been changed. He called the agents and they would not answer. He spent the next two weeks sleeping in the park.
James, who did not want to use his real name, works as a forklift driver in Botany. He is on a casual contract and on a good week makes about $900.

But in this housing crisis a job is often not a strong enough shield for homelessness and James is among a growing cohort of people who are employed but don’t have a stable home.

Lucky Luke said:

James had been living in his apartment in inner Sydney for more than two years when the agent called and told him he had to move within seven days.
“I was working during the day. I was looking for places and did everything, but it’s hard out there,” the 44-year-old says.
“There were so many people at every inspection I went to.”
https://www.theguardian.com/australia-news/2023/aug/11/nsw-minister-concedes-social-housing-situation-desperate-as-waitlist-for-most-in-need-doubles-in-a-decade
On day seven of his frantic search he went home and the locks had been changed. He called the agents and they would not answer. He spent the next two weeks sleeping in the park.
James, who did not want to use his real name, works as a forklift driver in Botany. He is on a casual contract and on a good week makes about $900.

But in this housing crisis a job is often not a strong enough shield for homelessness and James is among a growing cohort of people who are employed but don’t have a stable home.

‘How do you live?’ Australia’s rental crisis is pricing low-income workers out of a home

Virtually no part of Australia is affordable for aged care workers, early childhood educators, cleaners and nurses, Anglicare says

www.theguardian.com

Click to expand...

Australia is following in America's footsteps and we are a bad example.

ttystikk said:

Australia is following in America's footsteps and we are a bad example.

Click to expand...

It started with McDonalds.

Lucky Luke said:

It started with McDonalds.

Click to expand...

Australia has the best fish and chips on the planet. There was a chain restaurant in my town called Outback Steak House. No lamb, no fish n chips anywhere on the menu. I was disgusted.

No one in Australia should give McDonald's 2¢

ttystikk said:

Australia has the best fish and chips on the planet. There was a chain restaurant in my town called Outback Steak House. No lamb, no fish n chips anywhere on the menu. I was disgusted.

No one in Australia should give McDonald's 2¢

Click to expand...

I had some crumbed Flathead and chips for lunch today at the beach.

Lucky Luke said:

I had some crumbed Flathead and chips for lunch today at the beach.

Click to expand...

Way to make me jealous, mate!

I had the fish&chips of a lifetime in Puerto Montt Jan 1984. It was a seaside dive that charged us like $1.70 each. The filets were bigger than my shoe, and fresh? oh goodness yeah

“nostalgic memories of a since-collapsed fishery”

The American dream was to first make it to America alive and healthy. Once here the dream was to survive and prosper.

The American dream has been bought and sold 100 times on the past 100 years and yet folks are still talking about it. That is one hell of a marketing campaign.

I don’t think most Americans these days grow up wanting yo “chase the American dream”., unless you’re willing to excep the American dream is to exist and be financially, physically and mentally comfortable.

Grojak said:

The American dream was to first make it to America alive and healthy. Once here the dream was to survive and prosper.

The American dream has been bought and sold 100 times on the past 100 years and yet folks are still talking about it. That is one hell of a marketing campaign.

I don’t think most Americans these days grow up wanting yo “chase the American dream”., unless you’re willing to excep the American dream is to exist and be financially, physically and mentally comfortable.

Click to expand...

So the first nations Americans are not classed as Americans in your American dream or do they have a different American dream?

ttystikk said:

Australia has the best fish and chips on the planet. There was a chain restaurant in my town called Outback Steak House. No lamb, no fish n chips anywhere on the menu. I was disgusted.

Click to expand...

Also hate to tell you but:

Showing results for is the Outback steakhouse owned by Australians?

The Outback Steakhouse founders had never been to Australia
There's a good reason for that. Outback Steakhouse was founded by four Americans in 1988, and they were Americans who had never even been to Australia. 31 Aug 2022

cannabineer said:

I had the fish&chips of a lifetime in Puerto Montt Jan 1984. It was a seaside dive that charged us like $1.70 each. The filets were bigger than my shoe, and fresh? oh goodness yeah

“nostalgic memories of a since-collapsed fishery”

Click to expand...

I love my Flathead and Gummy shark which are all caught locally (The fish and chip shop own their own fishing trawler and i like that kind of paddock to plate operation) and eat fish from them about twice a week but I'm starting to feel guilty about eating wild caught fish. Trouble is I'm not a fan of farmed fish and that has its own environmental horrors (Tasmania has lots of fish farms). Farmed fish as far as I'm aware in Australia is Salmon and Barramundi. I'm not a huge fan of Salmon and farmed Barramundi tastes muddy and nowhere near as excellent as wild caught.

Due to fish farms we are bout to lose this Skate. A type only found here in only one harbour. https://www.abc.net.au/news/science/2023-05-16/ancient-tasmanian-maugean-skate-on-path-for-extinction-within-10/102318426 - which has been suffering from humans for the last 100 years.

Lucky Luke said:

Also hate to tell you but:

Showing results for is the Outback steakhouse owned by Australians?

The Outback Steakhouse founders had never been to Australia
There's a good reason for that. Outback Steakhouse was founded by four Americans in 1988, and they were Americans who had never even been to Australia. 31 Aug 2022

Click to expand...

Indeed. Frauds, all of them!

Lucky Luke said:

So the first nations Americans are not classed as Americans in your American dream or do they have a different American dream?

Click to expand...

Are you ignorant or just trying to be “that guy”? The American dream was not invented by nor have I ever seen it a part of any native nations.

Grojak said:

Are you ignorant or just trying to be “that guy”? The American dream was not invented by nor have I ever seen it a part of any native nations.

Click to expand...

Didn’t it start as “a tent of your own and two late-model horses in the driveway”?