It’s terrible!
An average first-home buyer couple can no longer comfortably afford the loan repayments on an entry-level house in the nation’s biggest cities, and even units are slipping out of reach in some regions.
Young couples would need to put upwards of 40% of their income towards mortgage repayments if they purchased an entry-level house in most capital cities, and almost 60% in Sydney, shows Domain’s First Home Buyer Report, in collaboration with Commonwealth Bank-backed Unloan.
Most Australian press sympathy for first home buyers is sponsored by the same people that made it impossible to buy a home.
Domain is the giant real estate suckhole at the heart of Nine’s profits.
Likewise, realestate.com.au for NewsCorp.
As for CBA’s “Unloan”, that trickling sensation down the back of your neck sure isn’t rain.
Why the youth of this nation do not rise up and burn it to the ground is beyond my understanding.
