Lying Liberals - fact, page-53

Yes, times have changed but you cannot escape the reality that today many are priced out of the home market including modest older homes. Land prices are through the roof and in many cases cost much more than the construction of a home and without a couple both working its nigh impossible to afford a home unless one is the smaller percentage of very high income earners. My parents first home was a small very old terrace house built in the late 1800’s. Its all they could afford. That home is still standing but the current price tag is about a million dollars.

The measure of just how out of control the housing market is the fact that the ratio of owner occupiers has significantly fallen because of un-affordability compared to way back. Poster Scarpa has regularly covered this issue in some detail. The reality is that the low to average income earners(the bulk of Australians) now struggle to compete against investors who use negative gearing as a means of acquiring ponzi style govt subsidised wealth.
At least if the Labor proposals for established homes comes to fruition there will be less investors in the unproductive established homes market and that may be the difference that will increase the falling ratio of people who own their home rather than rent.