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Housing Affordability: How To Win This Argument With Your Parents [video]

The median house value in Sydney is now nearly $1 million dollars, and Sydney is one of the most unaffordable cities in the world.

Unfortunately for non-home owners, no one seems to be doing anything about it.

Part of the reason younger generations get left out of these conversations, is that they don’t understand the numbers behind the current housing boom.

In this TEDx Talk, I go back to basics and explain measurement terms, real dollar values and how to recognise when people are undermining the cost of owning in Sydney.

Don’t leave economics to the economists.

Studies of economics are accessible from high school, university and the internet, and will give young people the tools to articulate what they need from policy makers.



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About

Eliza holds a first class honours degree in economics from the University of Sydney and is a regular on Backchat on FBI Radio, and have been a guest speaker on Triple J’s Hack, 702 ABC Radio, Sky News and at TEDxYouth Sydney. Her property market commentary has appeared in The Guardian Australia, the Australian Financial Review, Pedestrian TV and the Daily Telegraph. Eliza specialises in Commercial property, construction and the residential property market.


'Housing Affordability: How To Win This Argument With Your Parents [video]' have 2 comments

  1. Avatar for Property Update

    August 29, 2015 @ 1:36 pm Jonny

    Nice examples but one thing you forgot to compare -interest rates. 14% vs 4.5%. This makes a big difference to affordability. Approx 4.4k per month vs 5k now (inflation adjusted). I bet the figures are even more aligned in Melbourne and Brisbane. cheers

    Reply

    • Avatar for Property Update

      September 26, 2015 @ 11:05 am PhillD

      Good point Jonny; I remember earning 18% on a $1,200 term deposit in the 80’s and when working in the bank, assessing home loans based on 10+% serviceability ratios.
      That said, I think that the those struggling to get into the housing market on the east coast need encouragement to think outside the box and take action to create manageable steps to reach their housing goals.

      Reply


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