According to recent data, average Sydney house prices have risen 67 per cent in the last five years, to a median price of $845,000 in 2016. Average incomes haven’t kept up with this pace, as we know. This is good news for people who have invested in residential real estate, but for those whose home is their primary or only asset the ever-rising cost of living reduces its real value somewhat.

It’s somewhat depressing news for people like me and my husband who would have liked to raise a family in a home we own…

Read the whole thing at The Catholic Weekly.