The Impact of Housing Costs on Life Planning

Exorbitant home prices in Australia significantly impact the life plans of young people, forcing them to adjust their expectations. For example, a young couple searching for a two-bedroom apartment in Sydney's inner west finds it increasingly challenging to find suitable housing within their budget. Many apartments available are either overpriced or in poor condition, prompting them to reconsider their options, including relocating further from the city. This struggle illustrates the broader trend of many Australians abandoning urban areas in search of affordable living, which alters traditional life trajectories such as owning a home and starting a family.