The Negative Gearing of the Australian Property Market

An average four bedroom family home in the Sydney metropolitan region will sell for well over $1.5 million US dollars. All of these very average looking homes that you are seeing here have sold for over $2 million within the last year. This has caused some major issues with younger generations effectively being locked out of the property market because of the astronomically high prices. Despite these negative side effects, what this has meant for the average Australian is that if they had purchased a home for their family at any point in the last 40 years and paid off their mortgage without making any other investments whatsoever, they would most likely have a million dollar plus net worth today.