The Australian Dream - all but gone in 2019

Australians used to have a simple yet attainable dream of their quarter acre piece of land with a home on it, and a car in the driveway, with an ample nest egg for retirement, in exchange for 40-50 years of working and contributing to society.

This seems idealogical in 2019 and even borderline crazy talk.

Take a step back in time and it wasnt uncommon for a two parent, two child household to:
own and run a car, or even two
put kids through school
clothe, feed and tend to medical issues
put presents under the christmas tree and give birthday presents
and more..

from just one working wage.

And not only that, the working wage didnt have to be above the average. In fact, if you had an assembly worker's job at a manufacturing plant (remember those), you could live a humble living and make ends meet.

In fact, in 1980 in Adelaide, the median house cost $29k and the median wage was $9k. Obviously this equates to the cost of a house being, on average, 3.2 times the annual earnings.

In 2019 the average is $455k for a home and $54k for a wage. In Sydney $1.1m for a home and $68k for a wage. These figures represent housing that's between 8 and 17 times a working adult's wage. And its just the average.

And the effect is real. Its in mental health. Societal imbalance is the result, and that causes tension and angst and health issues.

In the mean time, full time work is at an all time low, under working is at an all time high, and people are dropping like flies with 'personal issues'.

Its not a coincidence.

No Government could fix this as its been 3 decades in the workings, through 3 housing booms, but any Government that has the courage to tackle it, has my vote.