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Young Australians are delaying having children because housing is too unaffordable, leaving families without a place to thrive.
A 28-year-old Brisbane nurse with a boyfriend, who rents a shared house, told Daily Mail Australia that soaring house prices have put her off having children at the moment.
“I’m definitely convinced that right now I can’t afford to have kids,” she said.
“At this point, I just finished college and I’m trying to build my career so it’s too expensive.”
A TikTok influencer, calling herself Alice The Hippy, has listed the cost of living crisis among her 10 reasons why she doesn’t want to have kids.
“First of all: They’re expensive and I’ve always said that if I were ever to have children, I would want to be financially free,” she said.
“And that’s because I want to be able to stay home with my child.
“I would also like to be able to provide my child with absolutely everything they need and want and I also wouldn’t want to be financially stressed, because being financially stressed is just not great.”
Alice noted that the kids were “expensive as fuck and you’re even more stressed.”
The Australian Institute of Family Studies estimates that it costs $170 a week to raise a child, which adds up to $8,840 a year, or $159,120 by the age of 18.
Australia’s population growth rate of 2.5 percent in the year to September was the fastest since the early 1950s, but the rate of natural increase, which takes into account births and deaths , plunged 3.9 percent.
Immigration in the year to September accounted for 83 per cent of Australia’s population growth, with a record 548,800 migrants and just 111,000 net births.
Nearly two-thirds, or 63 percent, of migrants settled in New South Wales and Victoria, which welcomed 186,433 and 161,758 foreigners respectively.
As a result, Sydney’s median house price jumped 11.7 per cent in the year to February to $1.396 million.
A TikTok influencer, calling herself Alice The Hippy, listed the cost of living crisis among her 10 reasons she doesn’t want to have kids
Immigration in the year to September accounted for 83 percent of Australia’s population growth with a record 548,800 migrants and just 111,000 net births (photo from an auction in Sydney).
But Perth saw the biggest increase of 18.6 per cent, taking the median price to $718,560.
Western Australia had Australia’s fastest population growth of 3.3 per cent, with 11,233 new residents from interstate and 67,629 overseas migrants.
Housing prices in the capital are out of reach for an average income earner with $98,218, because even with their maximum borrowing capacity, that individual could only purchase a $639,000 house.
This person would also be under mortgage stress, spending more than 30 percent of their income paying off their home loan, leading to big spending cuts and leaving less money to pay for the children.