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Brisbane overtakes Melbourne as Australia's third most expensive city to buy a home, the first time in 15 years (www.abc.net.au)

submitted 10 months ago by PetulantBandicoot@aussie.zone to c/brisbane@aussie.zone

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Since 2020, homes in Queensland's capital have increased by 50 per cent, making it now the nation's third most expensive city with median dwelling price of $787,217.
Michael Deakin's family had to get innovative to survive Brisbane's booming property market, combining incomes with his mother-in-law to buy a home for three generations.

Brisbane's continual rent increases 'unheard of'

Released today, the Domain Rental Report shows Brisbanites are now paying an average of $600 per week for houses and $560 for units.

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[–] trk@aussie.zone 2 points 10 months ago (1 children)

I'm glad I was born long enough ago to have been able to afford to buy a house (well, the mortgage on one anyway). I'd be fucked trying to buy anything in currentyear.

[–] PetulantBandicoot@aussie.zone 2 points 10 months ago

Mortgage payments might suck a little, but at least you got a place to call yours.