Australia’s treasurer on how to afford a home: ‘Get a good job that pays good money’

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Australian Treasurer Joe Hockey has some simple advice for young people trying to enter the housing market: Get a good job that pays good money. Easy, right?

The politician, who resides in a mansion with an estimated value of $5.4 million, has been slammed as out of touch with the general population and the housing stress felt by many people in Australian capital cities

House prices have skyrocketed in Sydney in recent years, with a surge of 12.4% in 2014 recorded by CoreLogic RP Data, according to Fairfax Media. Meanwhile, the average price of a house in Australia is now 10 to 11 times the average wage, Lateline reported. Read more…

More about Australia, Us World, and Joe Hockey

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Australia’s treasurer on how to afford a home: ‘Get a good job that pays good money’

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