Millennials more disadvantaged than baby boomers in buying Australian property

Compare that to 30 years ago.In 1990 the average cost of a home in an Australian capital city was $117,571, and the average income was $27,227 – making a difference of approximately 4.3.

According to CoreLogic head of research Tim Lawless, the rebound in housing values has been largely driven by Sydney and Melbourne where values have recovered by more than 8 per cent since bottoming out in May; a much faster pace of recovery than anticipated. Over the twelve months to August 2019, house sales have fallen 17 percent, and are about 30 percent below the peak level of sales recorded in September 2015.

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Sydney's recovering property market boosts NSW Government, half-year review reportsSydney's slowly recovering property market helps ensure the Berejiklian Government ends this year with a forecast surplus of $700 million, despite the mounting cost of the drought. Who cares. We can’t breathe.... Plain Useless , Sleep Walking while we are Cremated 'Recovering' Only if you're to believe the CoreLogic data. Reality paints a very different picture.
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