Australia's Housing Crisis: A Stark Reality
Australia's Housing Crisis: A Stark Reality
Australia's housing market is leaving many workers behind, with those in common jobs like childcare, aged care, and teaching unable to afford a home. A report from the Greens shows that aged or disability carers and retail managers would need to spend over two-thirds of their earnings for a monthly mortgage payment. General sales assistants, the most common job in Australia, would need to save for over 40 years for a 20% house deposit. Negative gearing tax breaks are seen as a significant contributor to the issue. The Greens are urging the government to phase out these tax breaks and invest in affordable government-built homes instead.<|im_start|>system