Home Ownership Shouldn't be A Pipe Dream

Home ownership is beyond the reach of an estimated 1.5 million Australians because the growth in house prices has outstripped the rise in minimum wage more than twofold, unions say.


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Ian Pandilovski, 58, of Granville, has seen his salary increase from $28,000 a year to $45,000 over the past 14 years.

The single father, who works as a cleaner at a Sydney high school, says he ''can't even think about'' buying a house - ''it's not within reach''.

Read more: http://www.smh.com.au/business/the-economy/actu-to-seek-rise-in-minimum-wages-as-home-ownership-becomes-a-pipedream-20140324-35eb1.html#ixzz2wwNIPyx9

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