According to a recent survey by Finder, one in 10 Australian adult children have moved back to live with their parents. This was due to cost-of-living increases, but 30 percent of the sample surveyed said that it was due to rent increases, becoming “unaffordable.”
It is a question of supply and demand; the present Albo government has engaged in Australia’s largest migration intake, at a time of rising cost of living expenses, including housing. People thus have to compete with the predominantly rich migrants. As well, the international student supermarket leads to over 600,000 students per annum entering the country, almost all of whom will get permeant residency.
The government is not hiding the fact that it is engaging in the ethnic replacement of existing Australia. This in the first instance is to serve the interests of Big Australia, the globalist corporates who benefit from this competition, as in the real estate business. Second, there is a mistaken believe that by replacing whites, the new Australia will be sympathetic to Leftist causes like the Voice. The referendum showed that this was a myth, and the new migrants were not interested in the white guilt aspects of Australian history.
“One in 10 Australian adult children have moved back in with their parents in the last 12 months, according to new data.
A Finder survey of 1073 people found 10 per cent of Australians have either moved back home with their parents or had a child return home in the past year.
Of those moving back, almost a third (30 per cent) did so because their rent was "unaffordable".
Another 30 per cent did so to save for a house deposit.
Head of consumer research at Finder Graham Cooke said rate increases were having a higher impact on renters than homeowners.
"Many are unable to juggle all their expenses and afford to live independently so they are moving back in with their parents," Cooke said.
The survey also found one in seven moved back due to the loss of a job, despite record-low unemployment.
Others moved back for caring requirements.
Cooke said for those fortunate enough to be able to move back in, it was the fastest way to tackle debt and save money.
If you can't move back in with your parents, other tips for saving money on rent include negotiating with your landlord, considering different neighbourhoods, downsizing and sharing a place with one or more roommates.”
Nothing, of course, about tackling the real problem, of runaway mass immigration.
Kate Lamb, ABS head of labour statistics, noted:
“It is important to remember that a fall in unemployment does not always mean much higher employment”.
“The fall in the unemployment rate in September mainly reflected a higher proportion of people moving from being unemployed to not in the labour force”.
“The participation rate fell 0.2 percentage points to 66.7 per cent from last month’s record high of 67.0 per cent but remained well above levels before the COVID-19 pandemic”.
“The recent softening in hours worked, relative to employment growth, may suggest an easing in labour market strength, though it also follows particularly strong growth over the past year. As seen in the Job vacancies data, demand for workers has fallen slightly, but the labour market continues to be relatively tight and resilient”.
The result doesn’t make sense in light of other labour market data, which have reported labour market weakness.
Most notably, SEEK shows that the number of applications per job ad is running well above pre-pandemic levels reflecting both lower labour demand and the record rise in labour supply via immigration.