Tim Richards@timrichards@aus.social

This was well put:

"At a time of political anxiety and social upheaval, a dip in housing values does feel existential. For those of us lucky enough to own homes (or at least, half-own them with a bank), having that security threatened in any way, feels, well, threatening.

"But a home is not just a wealth-accumulation vehicle. It is a base, a sanctuary where we can raise children, and from which we can put down roots in a community. Housing security is the bedrock of all functional, happy societies. Civil society is impossible without it. If younger generations can’t trust that they will be able to achieve it, they won’t trust much else either."

#housing #auspol smh.com.au/politics/federal/th

The Sydney Morning Herald logoThe Sydney Morning HeraldThe million-dollar property question no one wants to answerAt a time of political anxiety and social upheaval, a dip in housing values does feel existential. But only if you look at property as purely a wealth-accumulation vehicle.
JillL@jillL@theblower.au

Replying to @timrichards@aus.social

@timrichards #auspol The <1% dip in house prices is a massive beat-up by the media and irresponsible politicians. If you are a home owner, you will almost certainly own your home long enough for the house price to rise above what you paid for it. In the meantime, you get a home and security. Stopping the runaway train that was housing prices in Australia is only a good thing.

Jul 6, 2026, 00:41 UTCen