I feel I'm not alone in being really frustrated with the state of housing affordability.
For context I am late 20s with a partner, financially savvy, have a good income and savings yet home ownership is almost entirely out of reach. That is - without making drastic life changes that would significantly reduce quality of life (eg. living in a run-down shoebox or moving to undesirable areas with are significantly further from work, family, friends etc).
In other words- what I can afford now is simply not worth being drowned in debt for the next 30-years, I would rather continue to rent in shared housing or do something more radical like move internationally. For most younger people the cost of living pressures have only pushed the concept of home ownership further into the category of 'never going to happen' unless you are lucky enough to get a large inheritance or hit Tattslotto.
I would like to gauge the wider OzBargain community thoughts on WILL THE STATE OF AFFORDABLE HOUSING IMPROVE IN AUSTRALIA
Believe that as a country we need to strip incentives that make investing in housing so lucrative for already wealthy investors, find ways of increasing housing supply and fundamentally change the perception of housing as investments but as shelter.
I have 3 young kids, i'm trying to get them one each near to me to the best of my ability. House prices will be out of the world when they are adults. Sydney will probably be like $4m median and Melbourne $3m in 20 years time conservatively. That's when i'll move to South East Asia to retire.