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Australia's 'most liveable city' is also one of its most affordable — but will it last? (www.sbs.com.au)

submitted 5 days ago by okwithmydecay@leminal.space to c/australia@aussie.zone

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Melbourne is one of Australia's two global cities — consistently ranked among the world's most liveable — and historically one of the country's strongest property markets. But it is now trailing other capitals. Could that be about to change?

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[–] Donno47@aussie.zone 4 points 5 days ago

Yeah, I've lived in Melbourne and loved it. But that was in 1966, I was 18, and the joint was jumpin'.

I was born and spent most of my life in Adelaide. A 14 month overseas posting to Malaysia/Singapore as a conscript 1969-70. Did extensive over seas travel in the 1980's.

From memory, I think about three Australian cities are rated among the world's most liveable. But, liveable is not a synonym for "affordable". Will it change for the better? I really don't know.

One life observation is that once housing prices have gone up, they don't tend to go down, although the rate of increase may slow.

Up to last year, I've been optimistic about dying before climate change and other catastrophes become personally inconvenient. Today I'm not so sure