Re: Australia housing bubble
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Affordability and location also come into this. All you older guys saying it was hard back then as well, of course it was, no one is denying that, but now it is harder than ever, that is fact.
My folks bought a house 31 years ago 15 minutes from Melbourne for (once converted with inflation to match todays price) $220,000. Find me a 3 bedroom house with 2 bathrooms, a double garage and a 600 square block for $220,000. You wont find one. Even for a 3 bedroom townhouse with no backyard is pushing 500-600k 15 minutes from Melbourne.
If you want a 3 bedroom house now anywhere near a city you will be travelling 1-2 hours to get to work for something affordable.
So please keep telling me hard it was for you back then.
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