Last week the Commonwealth Bank released a report suggesting that house prices could drop by up to a third due to the economic fallout of the pandemic.
Such reports have some young people hopeful of a silver lining -- they might finally own a home before their hair greys! Those lucky enough to still be earning and saving are praying that fewer, poorer and less eager rival buyers might allow them to finally snag an otherwise unreachable property.
I even briefly contemplated it. Pandemic restrictions enforced the kind of austere, savings-conducive lifestyle that boomers incensed by pricey smashed avo have long implored we youth adopt.