Are boomers whining about interest rates being higher in their day actually right?

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This week most mortgage holders saw their repayment rates jump by up to 0.35 per cent from the record-low rate of 0.1 per cent. 7NEWS

Nowadays, according to the ABS, the average price of residential dwellings is $920,100.

Fast forward more than three decades, and the annual wage is a tick over $90,000, according to the ABS, while the average loan for owner-occupier dwellings is $618,729.Credit:Prime Minister Scott Morrison, when asked about housing affordability during the first leaders’ debate, conceded it was “tougher now” thank when he bought a house.“Those programs are working and we are expanding,” he said.

“People are worried about whether their kids will ever get into that great Australian dream that I was raised with of owning your own home. That was something that we took for granted.”Australian Opposition Leader Anthony Albanese and shadow Housing Minister Jason Clare.Housing affordability is shaping up to be a key concern for voters entering heading into the last leg of the election campaign.

 

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Only going to get worse with Dictator Dan banning hundreds of thousands of first nations people and others from even working and being able to feed their kids with his idiotic mandates when denmark has ended vax program sackdanandrews

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