But in relation to FTBs it would be instructive to know how the average income of the FTB has changed over time.
In other words, has the average income of the FTB increased thus creating a larger gap between those who can afford to buy and those who cannot- or who must wait much longer to enter ownership.
Ahem...
Here's your answer. The ratio of mean FHB incomes to all mean household incomes has hardly changed at all.
From the ABS report.
Table 1
All households
Mean gross household income (in 2011–12 dollars)
1995/96 $1214
2011/12 $1847
Table 36
FIRST HOME BUYERS WITH A MORTGAGE (in 2011/12 dollars)
1995/6 $1378 (ie 13.5% higher than the all household mean)
2011/12 $2120 (ie 14.7% higher than the all household mean)
The Productivity Commission found similar and reported that FHB incomes were 21% above all households in 2000-1.
but who would listen to you? you're the dim-witted cock dribbler who thinks a contract rate of 800 bucks a day is chicken shit, no wonder you think houses are cheap
i don't need you to listen to me, in fact i couldn't give a flying fuck what you do.
$800 a day for a contractor IS chicken shit.
I am the love child of Tony Abbott and Pauline Hanson
i don't need you to listen to me, in fact i couldn't give a flying fuck what you do.
$800 a day for a contractor IS chicken shit.
for a long term 12 month contract with no other overheads (insurance, tools, etc.) it's a perfectly decent professional income. Just because that's what they pay dishwashers up in Pilbara doesn't mean it's shit in the real world.
I just laugh reading idiots like you - you're the textbook example of why this country is going to get screwed hard. You and fatty Tinkler.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness. "Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
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