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The federal government spent $2 million buying an Adelaide flat for $1,500 for those who could find a private apartment but could not afford a home, a court heard.
The flat was bought by the Federal Government at about the same time as its first big national property auction in 2011.
The ABC has learned that at that time a Federal Housing Minister — who has since retired — told local realty company H포항출장샵orsford that the governm홀덤ent would provide a low rent flat for about two to three million people at $1,500 a month.
“We really don’t have that money left to do much else to try to help this market to work.”
It is not known who paid for the flat, which cost $1.6 million.
The flat is located in the middle of a market of low and affordable houses on a sprawling and leafy street with a narrow staircase leading to an airy terrace.
But this story has attracted the attention of one concerned Adelaide family whose only option for an affordable apartment is for the federal government to subsidise it.
Homes for sale on the outskirts of town
There are plenty of people who have homes for sale in the suburbs, most of them in the area around Adelaide’s CBD.
They include families like the Horsford family, who bought their first home in the 1970s. They moved into a flat on Adelaide Road about five years ago and can afford a $8,000 property in this area.
Family home with family living in: The house on the left with two dogs by the pool.
But they live with their three children and are unable to afford a house in the larger capital Perth – the city that they grew up in.
The current property market in the CBD is largely based on rents, which are currently increasing on their average of 4.1 per cent a year to more than 12 per cent.
영천출장안마 영천출장마사지And while it has become much cheaper for small-scale properties, many investors will still need more than the affordable apartments they are offering.
The Horsford family said they can’t afford a house and still are struggling.
They will be trying to sell on the streets to raise money for the $1,500 a month, but don’t want to take too much away from their children.
They will still be in the market until the end of the month to see if there is any offer for their fla