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The average Aussie household can afford to buy a home worth up to only $513,000, leaving the vast majority of properties out of reach. Even as property prices fall due to ongoing high interest rates that have reduced buyers’ borrowing capacity, most first-home hopefuls without family help still face a steep hurdle. For houses only, the median value in Sydney is much higher at $1.47 million and in Melbourne, $860,000, based on CoreLogic data. This compares with the national median dwelling value – houses and units combined – of $815,000. There are only two Melbourne suburbs with a median house value under the budget considered affordable – in Melton and Melton South. There are no Sydney suburbs with a median house value under $513,000. The cheapest is San Remo on the northern end of the Central Coast, at $694,000. Across Australia, only 15.5 per cent of house and unit markets analysed have a median value that would be considered affordable. Governments have played a key role in driving house prices beyond the reach of the average Aussie through actions such as: - Record high immigration. - Excessive spending and debt accumulation, driving high inflation. - Draconian Covid measures (such as border closures). - Overregulation of the construction sector. Red and green tape as far as the eye can see. - Empowering union thuggery. - High taxes on the development of new land and houses. - Exorbitant taxes on individuals. - Unproductive taxes that punish growing businesses, like payroll tax. - Banning sustainable native timber harvesting. - Demand side stimulus, such as first homeowner grants that only drive land and build costs higher. - Inflexible Industrial relations laws acting as a handbrake on productivity. - Insufficient new land releases. - High energy costs, driving manufacturing offshore. - Net zero madness. The list is endless. Government actions, more often than not, exacerbate the issue of housing affordability.