‘Messed up’: 33yo reveals why she has no desire to own a home
A young Aussie has revealed the reason she never wants to own a house sparking a big debate online.
A 33-year-old woman has revealed she has no desire to own a home, revealing a grim 2025 reality for young people.
Copoist St, an app that helps people buy their first homes, has started a popular social media series in which it hits the streets and asks Aussies how much they have in their savings.
A 33-year-old who was approached in Sydney admitted she didn’t have “much” in savings right now, but she blamed it on the fact that the world is in a really “messed up” place. She elaborated further on why she had no plans to buy a home.
“The government has known about the housing crisis literally for, like, at least a decade, if not more,” she said.
The 33-year-old said the whole system is set-up for people who try their best but end up with “s**t” and that she has no desire to buy a home.
“I’ve never really cared too. I think there’s a better way to live. A lot of people in this city think that is the idea of success,” she said.
“Get a certain car, get a certain house, and earn so much money. That is messed up.”
The young Australian said the housing crisis is so bad that her “sister is literarily dying” in a mould-infested apartment in government housing.
“What is with that?” she asked.
The 33-year-old’s honest desire not to buy a home divided Aussies online, with some claiming she was right and others feeling like she was giving up too soon.
“A secure home is a messed up idea?” one questioned.
Someone else claimed that if you have a “victim mentality,” you get a “victim result,” but another argued that she was right and that she also aspired to more than buying and creating a “money pit”.
Another said you shouldn’t “blame the world” and instead work hard. Someone else argued she had “poor long-term vision,” but someone else said, “this woman knows what is up.”
The 33-year-old’s desire to not buy comes as the housing crisis in Australia continues to rage.
The median house price in Sydney has hit a record $1.65 million and the median rent has surged to $750.
Being a renter is tough at the moment because the vacancy rate is low, at just over 1 per cent.
So, it is competitive to find a rental, and that has resulted in landlords being able to charge more.
Some landlords are also claiming they need to charge more because their mortgages have surged because Australia’s official cash rate has stayed at 4.35 per cent for 12 months.
It would make sense for Aussies to want to get out of the rental market, where landlords can increase rent as soon as a lease is up for renewal, but even if young people manage to scrap a deposit and buy, that doesn’t guarantee financial security either.
In November, the financial comparison website Finder released research that found that the minimum household income required to afford the mortgage for an average Australian house is $182,000, while those owning units need about $130,000.
When you factor in the fact that the average full-time employee now earns just over $100K per year, according to the Australian Bureau of Statistics, most people are earning less than the amount it costs to service a mortgage.
Finder has also found that 30 per cent of Aussies are worried about being able to make their repayments with 34 per cent of homeowners struggling to pay their home loan in December and 16 per cent of mortgage holders have missed at least one repayment in the six month.