white and brown concrete house near green trees during daytime

Australia Wasting Its Money & Future On Housing Market

6 mins 3 mths

Australians spend most of their money and time buying and selling property to the tune of $400 billion every year. That is not making anything new or manufacturing useful things for the world. The Great Australian Dream is home ownership and that has become a very expensive obsession for most of us. What it does do is make our banks very rich and provides real estate agents and state governments with their fair share too. Australia wasting its money and future on housing market is a troubling indicator of where we are as a nation.

Economics Fresh