In the hyper Australian housing market Jennifer Wells of Metro News describes real estate developer Tim Gurner’s unfortunate and thoughtless remarks about why millennials are not buying housing. His words “When I was trying to buy my first home, I wasn’t buying smashed avocado for 19 bucks and four coffees at $4 each,” were quoted in an interview with Australian media .
“Note that in March the Australian Bureau of Statistics compared the five-year 70-per-cent increase in Sydney house prices — that’s not a typo — to average wage increases of 13.2 per cent across the same period. The median house price in Sydney was just shy of $1.2 million (Australian dollars) in April. And a local point of reference: this month the Internet-cost-of-living data base NUMBEO found that getting by in Sydney is 28.8 per cent more expensive than Toronto.”
“In Sydney, Melbourne, Toronto and Vancouver housing…
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