Craig

We'll talk to you next Friday.

Have a great weekend.

Thanks, Craig.

Look forward to it.

And welcome to another episode of the Real Estate Breakfast, available on iHeartRadio every morning and also on Spotify and Apple and wherever you get your podcasts from.

Thursday morning, tomorrow Friday, where's the week gone, eh?

The 13th day for October for 2022.

Coming up in just a moment, we're going to have a look at commercial property and why commercial property seems to be defying the real estate market.

Scott O'Neill, fresh back from Greece, is here from Rethink Investing, and he's going to be talking all of that through.

Well, last week we were talking about the affordability report that was released by Demographia International and just how bad the housing affordability in Australia is, which is amongst the worst in the world, with Sydney ranked the second least affordable city.

Not a flattering look.

Melbourne, Adelaide, Brisbane and Perth, they're not far behind for affordability.

And the numbers get a little bit worse when you look at the latest census data, which tells us that 67% of Australians own their home in 2021.

And for people between the ages of 30 to 34, the numbers are getting worse with just 50% of people owning their home in 2021.

Now, if you compare that back from 1971, it was much better, right?

with 64% in that age bracket owning their home.

So the Aussie dream of home ownership is getting more and more difficult.

We know that, but that's not to say give up.

Keep striving, keep saving, and guts it out.

You'll get there in the end.