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by joeldo
1467 days ago
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Personally a big factor has been cost of living. Housing prices are out of control in Australia, especially eastern capital cities, and servicing mortgage/rent without a stable salary requires a lot of planning without a grant. The result is that unless you are able to acquire funding, you result to trying to getting something built outside of your job, which is much more difficult to pull off successfully with the limited time available. |
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In the capitals the cost of housing in inner suburbs (say 1 hour commute) have increased by an order of magnitude or more over the last 20 years with the ability to develop new outer suburbs reaching the limits of geographical constraints and commute distance.
With the growth in remote work and working from home, I think we're starting to see a housing boom in the more remote centres as people sell up in the big cities and go bush... Unfortunately this is then leaving the remote locals being unable to afford accommodation. The entire housing market is ripe for disruption, especially if we don't want to see a lot of younger people living out of the back of cars or vans.