What you need to know about why house prices aren't coming down (www.abc.net.au)

submitted 6 days ago by Longmactoppedup@aussie.zone to c/australia@aussie.zone

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[-] Fleur_@aussie.zone 7 points 6 days ago

I'm not old but do old people actually want expensive housing? All my friends (zoomers) just want houses to be cheaper. I literally could not care less if that would theoretically make me less wealthy. I just want to afford things

[-] brisk@aussie.zone 9 points 5 days ago

Unfortunately, it matters less what people want than what these people want

Of the 227 sitting MPs and senators, only 12 declared no property ownership.

Several senators are on the list, although we cannot be sure this provides an exhaustive picture because the property holdings of senators’ spouses are not published.

Some in this group declared a financial interest in trusts but were not required to disclose any property held in those trusts.

[-] Fleur_@aussie.zone 2 points 5 days ago

True but I still want to know if older people actually want expensive housing.

[-] SaneMartigan@aussie.zone 3 points 5 days ago

They want to sell their house to pay for the nursing home or leave it to their kids. They don't want it to lose half its value.

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this post was submitted on 02 Nov 2025

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