House prices are falling. So why are many Australians still struggling to buy?

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https://www.sbs.com.au/news/article/house-prices-are-falling-so-why-are-many-australians-still-struggling-to-buy/0tdaaz6gg

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“With Sydney’s median house price still hovering at $1.6 million, a further $30,000 drop is still closer to a rounding error than a savings,” Canstar’s data insights director, Sally Tindall said.

That says it all doesn’t it.

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Yeah, same as Canada, house prices shot up 600% in 15 years and then when they lose 3% the media is all mArKeT cRaSh bUy nOw.

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because wages are 30% in buying power of what they were 40 years ago

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I thought it was avocado toast.

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Because even if you earn enough to afford the repayments, it’s the deposit and stamp duty that fuck you

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Stamp duty seems to be a scam to me. I won’t move or downsize if I’m going to lose a year’s income for doing so.

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I’ve saved so much money by never changing anything.

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