The dream of property is pervasive and powerful, and Australians want to own it in monthly instalments. We’re willing to risk ridiculous, enormous mortgage debt for the privilege – recently sitting smugly at seven times the average annual wage.
The irony is that this dream often isn’t so very dreamy. It’s quite ordinary, in fact. For many, the reality of home ownership while earning an average wage means long working hours, anxiety, insecurity and legal enslavement.
Awesome article: well worth a read.