As if home ownership for Australian’s wasn’t dire enough, the reality of what a median priced house in each Aussie capital city looks nothing like what AI envisioned.
AI paints a picture, where average properties are impeccable historical mansions, character home or waterfront beauties … way to rub it in AI!
In reality, recent reports found a median-income Aussie household earning around $112,000 could afford just 14 per cent of homes sold throughout the 2023-24 financial year.
Money.com.au has used generative AI program Midjourney to generate images of a ‘typical home’ in Australian capital cities, based on their median house price according to PropTrack data.
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$1.1m in Sydney? In your dreams. Source: Midjourney
In Glebe or Darlinghurst, this would cost closer to $5m.
In Sydney, where the median house price according to PropTrack has now hit a staggering $1.1m in September, AI’s distortion of reality is …