00:02It's not just challenging for renters in Queensland, but buyers too, especially if you're looking
00:08for your first home.
00:10Take an entry level unit, priced at $660,000, Brisbane is now the most expensive city in
00:17the country.
00:18That's gone up 24% in a year, up 80% over five years.
00:24That means it now has risen faster than Sydney and has a higher entry unit price than Sydney.
00:31And what if you're dreaming of buying a house?
00:34Five years ago, the entry price in Brisbane was about $415,000.
00:39Now it's doubled to $856,000.
00:43It's no wonder parents are worried for their kids.
00:47Terrified.
00:48I now look and go, you guys can't even afford to move out of home at 18.
00:51Domain calculated that a young couple wanting to buy property in any major city has to save
00:57for an average five years for a 20% deposit.
01:01But for Brisbane, it's even longer, six years and three months.
01:05And forget about having spare cash.
01:07Mortgage repayments across the major centres now average 48.9% of a two-person income, half
01:15of what they earn.
01:16The message from government, we're working on it.
01:19We need supply, supply, supply, fast, fast, fast.
01:23That's why the Christopher Lee government is unlocking 98,000 homes, lands across Queensland.
01:29But not fast enough, says the opposition.
01:32This is a punch to the gut for those Queenslanders trying to buy their first house.
01:40For come and take advantage of pourquoi it is known to the power of the Johnson of Australia.
01:41Now, underneath it has transmitted byammes, there is mainly less, carbon telling the opposite
01:42of us, where does it like a podcast?
01:42So it can take advantage of the fact that we are powered because the suscriances are so
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