‘We had to fight the tide’: Inside the struggle to keep the Australian dream alive
AUSTRALIA is at a crossroads.
In a society with a growing number of young people living in poverty, and a widening gap between the haves and have-nots, we have an opportunity to make a positive difference in our lives, but we have to make sure that we are making the right choices.
To do that, we need to start with the most vulnerable, the young people who are at the heart of our future.
There are currently more than two million homeless Australians, many of whom are children.
This year alone, over 300,000 children are homeless, more than half of them in Melbourne.
If we are to succeed in tackling homelessness, we can’t just focus on the homeless.
We also need to recognise that there is a huge problem with our current policy on children, homelessness and the mental health system.
At the end of the day, if we are not working together to create the kind of culture that we all want to live in, we are going to end up with children who will not live in a stable environment and no one will want them.
As the country faces its most challenging economic and social challenges in decades, we must start with children, and start from scratch.
So what are the challenges facing young people in the housing market?
Many young people are facing a housing crisis in their own home, where they are paying more than double the cost of their homes.
They are also facing the challenges of being priced out of the market.
A growing number are renting and finding it increasingly difficult to make ends meet.
Many are unable to afford to buy, and this is exacerbated by the fact that many young people will not be able to afford a home.
Despite this, young people still pay more in taxes than they do in housing.
The average Australian household now spends $26,000 on housing each year.
Young people have also seen their incomes stagnate in the past decade, with real median wages falling by 3.5 per cent between 2008 and 2019.
More than half a million young people have been out of work for more than a year.
The average number of weeks they were unemployed in Australia was just 3.3 in the year to June 2020.
And while some of this may be due to the ongoing economic crisis, others are due to a lack of affordable and quality housing.
According to a new study by the Commonwealth Bank, the proportion of Australians aged between 25 and 34 living in the most expensive housing in Australia has reached an all-time high, with one in six renters, one in four owners and one in five owners of a property earning over $100,000 a year or more.
It is a significant trend, and the issue is particularly acute in rural areas, where only 3.6 per cent of households have affordable housing.
In the past year, a record number of people in this group have been affected by a property sale.
On average, around 1.6 million Australians between the ages of 25 and 29 are currently living in a rental property.
For those in the rental market, the main barrier to finding a home is the high cost of renting, and those who have the money to pay more than the average rental price are not able to rent.
However, for those in this category who have access to a mortgage, there are many more opportunities to rent than there are to buy.
Renting a home often means paying more upfront for the property, but the more affordable the property is, the less that cost will come out of your pocket.
According to the Property Institute of Australia, the average cost of a house is around $1 million.
Even if you are able to pay it off within three years, there is still a significant cost to the property.
If you don’t want to pay the full amount of your deposit upfront, you can also sell the property for as little as $500,000.
This means that a house with a price tag of $400,000 can be sold for less than $500 million.
This is why some of these properties are being snapped up by property developers.
With the average annual income of renters in the last financial year being $38,000, the cost to a rental home can be staggering.
When young people don’t have access or access to affordable housing, they often resort to using their credit cards to pay for rent.
According the Bank of America study, over 70 per cent a young person with a debt would not be allowed to afford their rent if they had a mortgage.
While we can certainly talk about the cost that we’re placing on young people and families, there has also been an increase in the use of debt-based financing.
The use of student loan debt has been growing, with many Australians taking on