CEO of major bank in bambuworld;
"The dream of home ownership is now the preserve of the rich."
xxx
Sky News commentator:
"Demand [for housing] is thru the roof" [extremely high], "driven by [massive] immigration".
Para; "High demand, up go the prices [skywards at express pace]".
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Well there you go.
It's all very true, and was warned about by more than one expert and average Joe over the last few years.
Yes, the Aussie dream for average Joe of owning one's own home is basically over.
Not enough rental properties for everyone either.
Gonna be lots of people 'waltzing matilda', 'couch surfing', 'living with their parents forever', and living in cars/vans/caravans/mobile homes etc.