A decade ago, the then treasurer, Joe Hockey, told Australians that if they wanted to buy a house, the first thing they should do is “get a good job that pays good money”. But new research from the Australia Institute shows that even a good job is no longer enough to afford to buy a home.
The latest housing price figures out on Tuesday suggested that prices in Sydney and Melbourne over the past year have moderated, while in Adelaide, Brisbane and Perth the boom times continue.
