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            For the complete analysis, details and graphics, click on the graphic above or below
"Australia's Growth of Unaffordable Housing"
           
                                                 
          During the 1950's-1960's there was virtually full time employment and a home cost approximately 3 times the average wage. This equated to a repayment value of 25-30% of your weekly wage.
There were also home grown manufacturing industries that provided a sense of growth, hope and achievement.

2013 - Today 95% of wage earners earn an average of $60,000 pa. If we are to look at the prosperity of the 1950's-1960's this equates as a house should cost $180,000.  The realities are 95% of wage earners cannot afford to purchase a home and have the same well-being in life as the 1950's-1960's.

And the reasons for this?  Multinationals and corporations sought growth for profits, governments concentrated on re-elections rather than challenging the corporations power, and media ownership manipulated the population to believe growth and materialism is a necessity for economic advancement. But in reality growth and increased materialism divided the population, causing less equality and social instability.

The only people that gain financially from growth are property owners, multinationals and corporations. The general population are suppressed, to the demands of the narcissistic rich that dictate the terms of housing costs. Our present economic system is unsustainable. It has no consideration for the fundamental need of our society as a whole and only considers their own financial success as a measure of the countries prosperity. The well-being of our society should be a measure of prosperity not the financial success of a minority.

The banks are making $71 million profit per day in Australia - $25 billion in 2013. Do you feel secure and have hope for the future because of this? Can you afford your rent payments and home loan repayments and still feel a sense of hope for the future? Are you benefiting from their success?

There is no freedom of social equality in Australia, only suppression directed by the dictatorial terms of the rich. This wasn't the case in the 1950's and 1960's and we need to revert back to this hope and prosperity if all Australian's are to exist together with harmony.

There has to be change within our economic structure, otherwise Australia's social structure in the future will continue to gradually collapse. We need to go back to the basics of social equality in the 1950's-1960's.

You can play your part in change by changing your perceptions, gaining knowledge, and instigate change for the benefit of all Australians - and not just for the elite few that choose monetary gains above social equality.

Click on the graphic above for a comprehensive analysis, together with the changes necessary and solutions. Or click below.
"Australia's Growth of Unaffordable Housing"


It is only with the participation of each member of our society that change will be created.
         
                                                 
                       
                       
                       
                                                 
           

2013 - Approximately 12 million wage earners earn a median annual wage of approx. $60,000 - 50% earn less and 50% earn more than $60,000 but less than $100,000. Only 5% earn over $100,000pa.

During the 1950’s-1960’s houses cost 3 times the average annual wage.

Today, this equates to a house should cost under $200,000. Their repayments were just 25-30% of their weekly wage. Today, for a person to purchase a $450,000 house and land package, they would have to earn $121,000 per annum to achieve a repayment weekly value of 30%.

For a wage earner on $60,000pa to purchase a house and land package for $450,000 their repayments would be $670.00 per week or nearly 60% of their weekly salary (6% interest rate) They would also have to have saved over $50,000 before purchase.

During the 1950’s-1960’s, there was virtually full time employment.

Today, just 70% are full-time, while the part-time workforce has increased from 15% to 30%, and work an average of only 16 hours per week.  In 1978 only 5% of men worked part-time - today 17% of men work part-time and increasing.

These details do not provide a positive picture for Australia’s society in the future - It has to change.
           
                       
                       
                       
                       
                       
                       
                                                 
            Click here for "Australia's Growth of Unaffordable Housing"            
                                                 
                                                 
                                       
                                                 
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