The typical Australian who might’ve once bought a home a few generations ago is now much more likely to rent thanks to plunging housing affordability, which is now at its worst level in more than 20 years.And they’re flooding rental markets that are beyond capacity, competing with low-income and vulnerableContinue Reading
A depressing map revealing the least affordable housing markets in the world includes three Australian entries, with one city ranked second-worst globally. The illustration uses the latest data from Demographia examining 94 major housing markets across eight countries to compare affordability in some of the world’s biggest economies. It dividesContinue Reading
Working a full-time job and earning a decent income are no longer safeguards against experiencing severe forms of financial distress, including food insecurity and even poverty, experts warn. Australia’s worsening cost-of-living crisis and a severe housing shortage have pushed millions of households to the brink in recent years, with littleContinue Reading
A post in a popular personal finance forum sparked fierce debate about what’s considered a good salary these days, with many claiming six figures no longer cuts it. Not too long ago, an aspiration of many Australians just starting their careers was to reach the point where their annual payContinue Reading
New research by the Australian Bureau of Statistics has revealed the income of a typical Australian. The ABS reviewed personal income tax data from the 2020-21 financial year and found the median income in Australia was $54,890, pre-tax, up 4.9 per cent on the previous year. Their assessment included allContinue Reading
It’s the question that usually leads to talk of interest rates and smashed avocado on toast – do Millennials or Boomers have it harder when it comes to buying a house? Well, a post shared on social media this week settles the debate. The post, which includes a graph originallyContinue Reading