UPDATE: Irrefutable proof from the PM that young people can buy houses.
Don’t worry, everyone.
According to our proud mortgage-paying PM, buying your first home while paying off a university debt is possible – just look at his daughter.
Mr Abbott pointed out that his daughter, Louise – holder of both “good” job and money – had bought a house in Canberra, The Courier-Mail reports.
Though he conceded his other two daughters were struggling to get a foot in the market (like the rest of Sydney).
Bridget Abbott lives with her parents in Kirribilli House (and pays $250 rent per week for the privilege) and Frances Abbott rents in Melbourne.
Mamamia previously wrote:
Mr Abbott even showed he was just like us, saying that even as someone who ticked both those boxes, he has experienced mortgage stress and understands the financial pressure on Australian families.
According to Fairfax Media, Mr Abbott says he knows how hard it is for people wanting to buy a city home and noted he still has a mortgage.
“I’m someone who has, over the years, felt a bit of mortgage stress,” Mr Abbott said.