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Rachel Alembakis
STEWARDSHIP MANAGER
UNITING ETHICAL INVESTORS LIMITED
UNITING ETHICAL INVESTORS LIMITED
As a highly respected journalist, Rachel Alembakis helped push sustainable investing on the agenda long before it was mainstream. Now, she's stepped into the arena to shape the industry from within. Karren Vergara writes.







Great article, and absolutely true.
This is a problem that many new home buyers face in this day and age - housing affordability.
Australia has indeed been experiencing a 20-year long housing bubble (longest ever recorded property bubble in a developed nation).
Unfortunately for Gen Y, housing affordability is way out of reach. Unless they become instant millionaires there's no way they can afford it.
The only way for Gen Y (and subsequent generations) to ever really afford a home is by waiting for Australia's property bubble to burst, and then buy property once they revert back to their actual market value - like what happened in the US recently.
It's a shame Australia's economic situation has gotten to this point - higher costs of living, overvalued real estate, rising inflation etc.
Even with the Federal Reserve Bank of Australia lowering interest rates, it's still not enough to entice young buyers (again like the US). So long as fiat currency is continually being printed, it's not going to get easier in the future.