Why living in Australia is now ABSURD

Why living in Australia is now ABSURD
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Australia has long been a desirable place to live thanks to its beautiful weather and stunning scenery. In fact, its abundance of natural resources and a history of strong economic performance have led many to call it the “Lucky Country”.

But recent economic trends suggest this luck may be running out. In this video we will cover the main reasons why Australia is becoming impossible to live in.

Don't forget to comment below with what you think needs to happen to get Australia out of this mess.

[kanelowrey]

The average house in Sydney was $300, 000 in 2000. Now it’s 1.2 million in 2024. 4x in 20 some years. And average wages hasn’t gone 4 times in those years.

[jeffDwyer]

Us Aussies are over taxed, over levied, over dutied, over rated, over fined, and yet we are citizens of one of the most beautiful and tourism rich countries, and one of the most resource rich countries, more and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire. We need a department of government efficiency to wipe out the bloat, stop the corrupt influence of big corporates and banks found guilty in the royal commission. And the promotion of a free, transparent, open market in housing, business, technology, education, tourism, industry, entertainment, and enterprise.

[FredPilcher]

"The lucky country" was not a compliment - it was a brilliantly targeted insult, more true today than when Donald Horne created it in 1964. "Australia is a lucky country run mainly by second rate people who share its luck. It lives on other people's ideas, and, although its ordinary people are adaptable, most of its leaders (in all fields) so lack curiosity about the events that surround them that they are often taken by surprise."

This situation is a direct result of decades of neoliberal government.

[viviancarolgioao]

As someone living in Sydney. These are the things i realise, house prices and cost of living is insane and salary will never catch up taxation system here are meant to never make you rich. The wage gap in Australia is growing wider and wider, meaning no matter how hard you work a job, it's not enough to keep up even before inflation, more and more people might face a tough time in retirement.

[revyhavoc]

Australia isn't the Australia i loved, knew or grew up in anymore.

[Dalai]

Get rid of foreign investors, only Australian citizens or permanent residents whose main residence is in Australia should be able to buy house and land in Australia. Limit negative gearing to one investment property only, and the Australian dream may return to reality for our young people starting out. The current situation is unattainable and is creating poor mental health in our young people. Discuss…

[seanmcmahon]

The fact that over half the country is struggling and politicians still aren’t doing anything is crazzzyyyy

[xshadowscreamx]

Australia could have been a self sustaining paradise many years ago but government wanted foreign investment riches and mass migration for band aide fixes.

[jaydanjm]

1980
Average salary: $9, 360
Average house price: $40, 000
Percentage of salary to house price: 23.4%

2000 (Estimated)
Average salary: Approximately $35, 000 Average house price: Approximately $200, 000
Percentage of salary to house price: Approximately 17.5%

2024
Average salary: $89, 000
Average house price: $891, 000 . Percentage of salary to house price: 10%

Yep, we're doomed

[AussiePom]

I've known of local couples who can't afford to buy a house at the huge prices that they're now going for. So they do an alternative. The whole extended family pools their money and buys an older home on a large block of land. They then demolish that home and build a much bigger one to house the whole extended family from grandparents to parents to children and grand children. No need to put the grandparents in a nursing home for there's always someone at home to look after them. By pooling their money they can easily afford to pay off the new home because every adult in the new larger home has a stake in it. I saw it back in the 70's when Italian extended families all lived under the one roof. Italian grandparents lived with the family until the day they died. There was none of this putting them in a nursing home for there was no need too as there was always someone at home to look after them. They didn't suffer loneliness for they were always a part of the family unit not an embarrassment to be shifted out of the way as soon as possible like it is in so many Anglo families.

[Cake...]

Yes. I've left Australia and moved to Phnom Penh, Cambodia where I bought a condo outright, with no mortgage. Better weather, culture, food, cost of living. People are friendly, country is really safe and the health system very modern.

[anitacohen]

Keep voting for the Coles/Woolworths politics and you will get what you have always got!

[dudebro]

Australia is the now the most expensive place in the world to live. If you take into account population per capita.

[RaLunara]

I have a disabled friend who is about to become homeless 😢 none of his people's can help, and the government won't. There are tent cities everywhere, most of them maimed in one way or another.
This is Australia...

[Lilione]

At 57, I’ve had to move back with my pensioner parents. How embarrassing. I’ve supported myself since I was 17. I don’t drink, smoke, gamble or do drugs. I’m not a big shopper & I’m careful, if not a bit stingy & I can’t afford to rent where I live…Gold Coast. It is also partly because at this age, I haven’t been able to find full time work (yet), so I’ve been trying to live on a casual wage. Not possible.

[Emberlight-TS]

This hits it on the head.

I'm on 120k a year working multiple jobs almost 60 hours a week. And the maximum loan I can get is 400k. When the average house price is 1m.

This country's fucked. My parents offered re financing their house to allow me to buy a house. But I refuse to let them because I would never be able to pay them off

[billhesford]

A lot of wealthy people from overseas seem to be at auctions and sink the hopes of the locals who cannot compete and the governments seem to not care. Its like they are owned by overseas interests.

[renross]

I'm a 63 year old Australian and can't afford to rent any more. Greed has taken over, that and corrupt government has made life hell. I'm now living in my van on a disability pension. Shame on the governments for the past two decades.

[michaelmarmion]

I am Irish born and lived in Australia from 1988 to 2021 when I retired and began travelling to find a better place to live, Spain ticks all the boxes with the cost of living 107% less than Sydney, I still want to return to Sydney but rental opportunities are thin on the ground and costs way too much.
Long gone are the Paul Keating’s who actually worked to make Australia a good place to live.

[Kucing_Gede]

This comment section in a nutshell:

Australians complainng about rich foreigners buying up property, taking away homes, and driving up prices.

These same Australians: moving abroad, buying up properties, taking away homes, and driving up prices for the locals 😂