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RE: Housing Affordability Survey Shows Australian Families are Struggling and Feel Entitled to Government Help
Im here in Auckland, New Zealand.
South Auckland Suburbs such as Otara and Mangere have housing prices way above the average income. Otara and Mangere are the Low socio-economic areas and you are looking at 800+ for a 80+ year old 3 bedroom 1 bathroom home.
I feel for you Aus if things get as bad as they are here.
Yeah, that's pretty bad. Sydney is not far behind you. The government in NZ has been a little more aggressive making it harder for investors to borrow. We'll see if the same plays out here as well.