Hockey Stick

Joe Hockey Hopeless poster seen in Surry Hills

If you ever thought housing wasn’t a problem in Sydney, seriously think again. Unfortunately high-rollers like Joe Hockey are still out of touch with us common folk.

"The starting point for a first home buyer is to get a good job that pays good money," he said.

Right. I’ll get right on that.

"If property is proving unaffordable for people with interest rates at record lows, then they should think carefully about how much they really can borrow."

But that’s not even the point.

Forget buying a house, for people on minimum wage, even renting a place that is fairly close to the Sydney CBD where most people work is a challenge.

It really puts it into perspective. As someone who complains about a roughly 22km trip into the City (and back from it), that’s a relatively short distance - although apparently it takes about the same length of time, interestingly enough (~50 minutes).

Not only do low-income workers earn less and spend more time on travelling, but they also are paying more for this transport however. Even with the transport caps, this is a heavy expense for people who are already strapped for cash to begin with. This doesn’t just affect productivity, but general happiness and wellbeing.

We’ve got a bigger problem on our hands than just housing and rent.