**Title:** The Rising Challenge of Affordable Housing in Australia: Insights from PRD Report
**Description:**
Are you struggling to find an affordable home in Australia? Discover the latest findings from PRD’s comprehensive report, shedding light on the increasing difficulties faced by Australians when it comes to homeownership in affordable suburbs. The Australian Taxation Office (ATO) breakdowns disclose astonishing figures, with the average price of the cheapest home soaring to a staggering $700,000. Shockingly, only 18% of income earners can actually afford such properties[^1^].
According to PRD’s report, Brisbane and Gold Coast suburbs could soon become entirely unattainable for potential buyers, pricing them out of the market altogether[^1^]. On the contrary, Adelaide and Perth emerge as more feasible options, boasting the most affordable suburbs, while Sydney continues to be notoriously expensive[^1^].
If you want to stay up-to-date on the latest real estate trends and ensure you make informed decisions, this video is a must-watch. Don’t let the challenging housing market catch you off guard. Tune in now to learn more about the evolving landscape of affordable housing in Australia.
[Click here to read PRD’s full report](https://www.examplelink.com)
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**Tags:**
6329107918112, business, fb, msn, realestate, yt
**Sources:**
[^1^]: [PRD Report on Affordable Housing](https://www.examplelink.com)
Australians are finding it increasingly hard to snap up a good home in affordable suburbs as the ATO breakdowns reveal the cheapest home is averaging $700,000 which only 18 per cent of income earners can afford.
A new report from PRD has revealed buyers could soon be priced out of Brisbane and Gold Coast suburbs.
The report found Adelaide and Perth had the most affordable suburbs with Sydney as the most expensive.
Foreign Buyers can afford it.
No wonder prices keep going up.
Well…Jesus……move on to cheaper areas!! DUH!!!!!
Talk to a 20 to 30 year old, Only a brand new house will do. Old, used houses is something previous generations bought. LOL 😆
It all depends on what sort of income your on, with regards to what you buy and can afford. Housing just isn't affordable on those with the lowest incomes.
Imagine being so spoiled so to consider that unaffordable…. the minimum wage in Australia is 38k a year thats just the minimum wage
So if a house costs 700k all you gotta do is save 18 years worth of an income… (or just take a 30 year mortgage…)
Dual income households are quite common and
So it's reasonable to assume 9 years worth of wages to buy a 700k house…
(Or paying a third of your income 13k for 50 years)
Now sure that sounds like a lot
But with a dual income household it will only take around 25 years
(Not including interest but also such factors as inflation and appreciation…)
And that's the wcs btw… that's assuming you'll stay with a minimum wage income while in reality most earn more and more with time experience and etc…
So is it ideal cheap… nope but it's also quite reasonable
Austin TX is getting this bad too
Hmmmm, I wonder what the problem could possibly be here? Could it simply be that house prices are grossly inflated from their true values? Nah, surely the answer can't be that simple…. Oh well, better keep kicking the can down the road!!
In other words 80% of income earner can’t afford a house.
And when you have to give 25% of your money to rent no wonder you can't get a home.
All by design
Isn't that what the politicos wanted – you'll own nothing and be happy. The elected body did this – it shouldn't be a surprise anymore the lengths they will go to destroy us.
With housing market bubbling on the verge of collapsing all that matters is getting you in debt raking in profits that's all they care about
It's happening all over the world. It's an economic attack on the poor and middle class just as Covid was
I noticed general sky news covered the russia plane story but not AU sky. Covered it well they i had a quote from the report. America is monitoring the situation closely. Russia and India will assure the passengers reach their destination when the parts for the aircraft arrive through the sanction stuff. Let me get the quote
Just find the worst street in the Worst suburb,and 700 grand for a 2 bedroom Fibro wedged between a Dog food factory and a all night repair shop and fight with 400 buyer's and pay 820 grand to out bid them. What's the problem?
Like I keep saying, without a guarantor… you haven’t got a hope
If you vote Labor or Greens this is what you get.
If I want a House I will discover it just like Lt Cook discovered here & Columbus discovered the Americas
HOW DOES ONE MAKE A DISCOVERY WHEN PEOPLE ALREADY LIVE THERE
With that notion anyone who is a Blackfulla will make a discovery of your house car goods pets etc
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Obviously the government is going to do something about that 18%. Too much money by WEF.
Sounds like Bay Area prices to me. But I think of that first because I've lived in California Bay Area my whole life.