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

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 fallen from 80% to 75%. Younger workers have been completely priced out of the major cities.

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