The year the Australian Dream died - BBC News

The land of a "fair go" has become one of the least affordable places on Earth to find a home.

28 December 2023Shareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, The average price of a home in Sydney is over A$1m (£535,000, $678,000)By Tiffanie TurnbullBBC News, SydneyAt the age of 31, Justin Dowswell never imagined he'd be living in a shared room in his childhood home.

He had a full-time, well-paying job in Sydney, and had rented for a decade before an unprecedented housing crisis forced him to upend his life and move back in with his parents, two hours away.

"It's humbling," he says. But the alternative was homelessness: "So I'm one of the lucky ones".

It's a far cry from the promise of the Great Australian Dream.

Where the American Dream is a more abstract belief that anyone can achieve success if they work hard enough, the Australian version is tangible.

https://www.bbc.co.uk/news/world-australia-67723760?at_medium=RSS&at_campaign=KARANGA

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