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How much does a house cost? Effie goes back to school

property, kids, real estate, money magazine, money, school, deposit, financial literacy, housing affordability, saving money, sydney, effie zahos

With all the talk about Australia’s growing housing affordability crisis, how much do our kids know about property prices?

I visited Canterbury South Public School recently to find out!

While some answers were on the lower end of the scale ($500 for a house in Sydney? Yes, please!), one future property mogul hit the nail on the head.

According to SQM Research, the median price for a three-bedroom house in Sydney is $1.265 million, while the median unit price is just over $702,000.

So what does this mean for these kids? At nine or 10 years old, they’ll probably be living with Mum and Dad until they’re at least 30.

What do your kids have to say about property prices? Let us know in the comments.

Written by Effie Zahos

Effie Zahos

Editor Effie Zahos started out as a graduate trainee for one of Australia’s major banks. She moved to TV in 1997, kick-starting her career in finance journalism as head researcher for Channel Nine’s Money Show. A regular finance commentator on TV and radio, she is the author of The Great $20 Adventure.

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