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:
Prime Minister Tony Abbott is standing by his man, denying Treasurer Joe Hockey telling first-home buyers to get a “good job that pays good money” was a gaffe.
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.
For more: The best internet responses to Joe Hockey’s advice for young people.
“Even as a cabinet minister, sometimes it’s hard to pay a Sydney mortgage and I know over the years I’ve earnt a lot more than the average person,”
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Top Comments
Think this is a contest between Joke Hockey and Tony Rabbit to see who can make the biggest mess of their job.
"The age of entitlement is over". Yes Joe Hockey why don't we start with you. Double dipping is not nice!!! Using your living allowance of $270 a night to give to your wife who has the property under her name. By doing this him and his wife got $100,000 last year from taxpayers money. Why not Hockey give to the economy instead and stay in a hotel.
Sheesh the top end really do know how to rort the system. They create every loophole they can find to benefit themselves and make it legal. This should be illegal.
This is why when Hockey raves on and on that we need to tighten the budget, I just roll my eyes. The perks that politicians give themselves is incredible. "Do as I say, not as I do" best sums up those hypocrites.
Don't get me started on the huge benefits they get when they retire. And if they do a job on the side the benefit doesn't get reduced yet if a pensioner did that they would lose their pension. One rule for them and another for us everyday folks.
I agree its a bad look, but decent hotels generally cost more than $270, not even taking into account meals. So, maybe he's saving the taxpayer.
No, there's no saving the taxpayer, the saving is all J. Hockey's.