Aussies 'are fed up with the daily commute'
Article by Mozo
With the supply of affordable housing being stretched across Australia, plenty of property hunters have had no choice but to buy a new home that is a sizeable distance from their place of work.
Sadly, commuting is unavoidable for people who do not have enough cash to secure a city centre apartment.
Even if you do have the financial muscle to obtain a mortgage for a property in Sydney or Melbourne, the cost of living in these places can be astronomical.
Speaking to the Daily Telegraph, chief executive officer of commercial and apartment developments at Mirvac John Carfi suggested Aussies have had enough of the daily bus or train ride to work and are increasingly looking for homes that are closer to their jobs.
This could pave the way for more new building developments that are located close to major urban business and entertainment hubs.
Mr Carfi added that people are losing up to two hours of their day through travelling.
"The only way to claw it back is to live closer to work, which is why there has been such strong demand for apartments that take commuting out of the equation," he remarked.
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