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An Increase in the Cost of Living.

Over the past 5 years we’ve noticed an increase in the cost of living.

Typically Australia has a reputation for being reasonable, if not a cheap country, to live in.

However, there has been a gradual increase in the price of groceries, fuel, houses and interest rates. Since local salaries haven’t as yet increased to help bridge the gap this does leave many new comers and Australians struggling to maintain the status quo.

Not only are house prices steadily rising but there is also a shortage of accommodation. In some suburbs, renters and house buyers need to out bid each other to secure a place to live.

Houses bought at auctions are selling at an all time high and real estate agents are kept busy. Whilst this brings with it good cheer to home owners there is dismay for their children and current renters wanting to buy.

One known Australian dream is the opportunity for everyone to buy and own their own home. This ideal is barely within grasp but to help ensure the market stables, the council and government plan to build an extra 145 000 homes over the next 20 years and release more land for building.

Useful Resources:
Brisbane House Prices: http://www.brisbane-australia.com/100070.php