WARNING: Australia's Housing Crisis Explained

Living in Australia, when a popular American youtuber mostly covering American finance talks about Australian housing market, you know it's really f*cked

As an Australian living in Sydney it’s nice to see a big finance influencer such as yourself covering this fiasco 😅

The housing crisis in Australia will never be solved while all our politicians are landlords.

Respect to you Andrei for talking about Australian property market. As an Aussie with about 120k yearly income I’m still locked out of the property market which is sad.

Another issue for you to remember, in Australia our fixed interest rate 30 year mortgages are from 1-5 years. We can't get fixed interest rate mortgages for 30 years like you can in the USA.

The housing situation in Australia is depressing, and it's very unpopular to create policies that will solve the problem because those in power and with money own property and ultimately are relying on the values of their properties to continue growing. Even millennials who scrape together a deposit and highly leverage themselves to buy a home become highly reliant on the value of their home/land to appreciate so they can retire in the future.

Thanks for the correction! I’ll edit it out shortly (in LA right now) 😅

Every year, we tell ourselves the bubble MUST burst. And every year (the pandemic aside), our beloved leaders find new ways to push up prices and rents. It's a cozy relationship with lenders and a 'profession' that requires less training and accreditation than hairdressing. Little wonder foreign investors are pinching themselves when they see an asset that only goes up in value and a media obsessed with providing free publicity to the whole circus.

This also has a knock on effect of people having kids in their late thirties and even early forties, since they can’t buy a house big enough to raise them until they’re that late in their career.

Auckland in Australia?? 😂😂