The great Australian squeeze: families, retirees and renters all paying the price of the housing crisis
From families sleeping in cars and separated couples unable to afford separate homes, to homeowners depleting mortgage buffers and parents losing confidence they can pass wealth to their children, the impacts of the housing crisis are spreading across every generation.
The national housing crisis has very real personal impacts. (Image source: Antonio Guillem/Shutterstock.com)
Despite the modest decline in property prices in Australia’s largest cities and a modest slowing around the country, the ongoing housing crisis continues to have a harsh impact on tens of thousands of Australians.
An inedible image from a recent visit to Melbourne was that of a mother and two primary school aged children reading by torchlight in the carpark of a popular fast food chain outlet.
Preferring to use her first name only, Jacinta said s…
