The Australian Dream is turning into a nightmare.
In 2025 buying a house cost more in Perth compared to the average wage than ever since statistics were kept. Below is a recent, interesting video about the shattered dream of home ownership in Australia. Buying a house in Perth has become impossible for most young home buyers unless relying on the bank of mum and dad.
We bought a house in Perth in the northern suburb of Padbury. In the past 3 years, the valuation of our Perth house has nearly doubled, from $530,00 to $1M. We rented for 10 years at 4 Karrinyup Rd Trigg, living the beachfront dream for 10 years but I could see the writing on the wall when covid hit. I knew that the government paying people and companies to do nothing meant that one day the debt would need to be repaid in the form of squeezing Australian citizens. This combined with record immigration and shortages of builders and building supplies has massively tipped the supply and demand housing equation towards the demand side.
PERTH HOUSE PRICES HOUSE SALE PERTH