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Tue Aug 18

When houses earn more than jobs: how we lost control of Australian house prices and how to get it back

Written by Cameron Murray, Research Fellow - Henry Halloran Trust, University of Sydney

Julian Elliott/Shutterstock/Sydney University

Real home prices across Australia have climbed 150% since 2000, while real wages have climbed by less than a third.

Sydney and Melbourne rank among the most expensive cities in the world. Australia-wide, home ownership levels have fallen from 70% to 65% in the last 20 years and home equity levels have...

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