Housing market will soon collapse

This is not sustainable for a block of land.

Average wage for Australian is 77K a year. So you need to work for over 12 years to earn the wage required for this block of land.

COLLAPSE IS SOON

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Nah there will be a stagnation, maybe a dip where all the "intelligent investors" will get in before they are "priced out", aka fomo. Then we can crash.

Not my problem

why do you think the housing market in australia is going to collapse?

M8 cunts ain't got a dollar for a beer let along a mil for a lot and these cunts debt be packed to the bloody rafters and one dodgy movement will blow the whole fucking shebang. We have fibro shacks going for millions and every normie cobba and his shiela is desperate to hand over their hard earned dosh to those hook noses.

Even people on fucking 150k a year wage can't afford housing because they need a 20% deposit to avoid LMI

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I know several who will reach that 20% tipping point then dump it all into the bankers hands without a dollar to spare

>Average wage for Australian is 77K a year
[citation needed]

Average full time salary in Sydney is over $100k now, and that doesn't account for the amount of tradies that do cash jobs on the side and all the side hustles that people have. Most people I know are rolling in cash and those $1M properties are actually still somewhat affordable for them. If you're gonna post figures at least be realistic about them.

Kek fuck off calls for citation then makes a bunch of shit up

Citation - ABS home page
abs.gov.au 1748.40x52 is 76876.80.

Did you like that?

If you can't afford a property, make more money faggot. Plenty of other people who are able to do it. I just closed on a house in Croydon for $2.1M. It's not that fucking hard.

>1748.40 * 52 = 76876.80
Embarrassing.

Yep if you bought the top you are ngmi sorry

Yes yes, markets are great, economy is perfect, no worries here.

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TWO MORE WEEKS GUYYYYYYYYYS

So poor and middle class people won't be able to buy a house. And why will this affect the housing market? They'll just continue to be bought up by rich people. Who will then own all the homes. And will rent them out to poorer people to pay off their mortgages.

Can't wait to buy your bags at a fat discount. Gonna be sooo fun.

Seems high. What's the median?

>CPI up only 3.5%
These frauds should be in fucking jail for such blatant lies kek.

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Because it fucking sucks for everyone but Jews and boomers.

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The wife and I earn well and truly enough to weather a significant increase in interest rates, and as a PPOR I don't necessarily mind if it drops a little in value in the short term. Long term, Aussie property never goes down mate and as Sydney is a place with limited land available, the city will only grow more dense and my house is certain to go up in value. Will probably be 5 or 6M by 2030 realistically. Safe as houses.

Chaim in Toorak better watch out, those $10m houses would look nice scarred with molotovs

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