To understand why 30-somethings feel like they're struggling financially, the ABC analysed five factors — housing, healthcare, debt, tax, and income. The data reveals this generation is caught in an economic perfect storm.
The problem is if it were sold today it’s a 100k loss.
How does that work? House prices have been going up since forever. Even if you bought at the highest peak and sold at the lowest trough of the last 5 or 6 years (if not longer) I’d be surprised if you managed to lose money on a house.
How does that work? House prices have been going up since forever. Even if you bought at the highest peak and sold at the lowest trough of the last 5 or 6 years (if not longer) I’d be surprised if you managed to lose money on a house.
Because one house is in the northern Territory and property prices fell out the arse after the gasplant build