Let me get this straight:
People are saying the "dream is dead" because they can't resolve the classic problem in home buying? Location, price, quality. Except for the very wealthy, people can specify two of those variables and end up compromising on one of them. If you won't compromise on location and if prices in that area are too high for the house you want then you have to settle on less of a house. Or maybe in order to purchase the home you want at a price you want you have to compromise on location. Something always has to give.
Is this your dying dream? That everybody lives where they want in the house they want at the price they want? In a capitalist society? Dream on.
I should say that Sydney has water on one side and National park on the other three. So its a trapped market.
Australia is very arid and inhospitable for the most part. No Infrastructure and Jobs in those areas and costs of groceries and fuel extremely expensive. Living inland is expensive. I lived for awhile in the Kimberly's. I didn't mind it but yea a grocery shop is way, way more of a hit on the weekly budget and even fresh milk is frozen..
O i agree i sold my PPR in Western Sydney (i couldn't afford inner Sydney or my preference the Northern beaches) and my two Investment properties here in Tasmania to move to a Location that i could have a better lifestyle. But what was a fairly easy thing for me to do (buy property) is becoming extremely hard for the younger generations. A big reason of this is casualisation of the work force, coupled with this is very expensive rental market meaning that its harder to save a deposit today than it was when i was younger.
The Aussie dream was of cause for the 3/4 acre block like our Grand parents had. These days its a unit.. lol.
Its called the great Australian dream not the Dying dream.
Type What is the Great Australian dream into Google. This is soemthing like what you will get:
Is the Australian dream the same as the American Dream?
When people talk about the American Dream they mean the pursuit of happiness, a belief that anyone can make it in the United States. The “
Australian Dream” means buying a house. Since at least 1910, Australians have been more likely to own their home than Britons or Americans.
What is the Australian dream today?
Today, it would appear the Great Australian Dream is
simply owning a home or investment property in a 'desirable' area. Regardless of whether that property is a free-standing house or an apartment, buying and owning any type of property is now the number one goal for Australians.
