Business
Home ownership dream out of reach as prices skyrocket – The Age
Expectations that Melbourne’s median house price will hit $1 million by June have terrified first home buyers
But that doesnt seem to be enough in a market where house prices have soared by 4.8 per cent or nearly $45,000 over the March quarter to a record $974,397 median, according to the latest Domain House Price Report released this week.
While Ms Broome acknowledges shes fortunate to be able to save a deposit, she worries about what will happen to a generation of Australians like herself who may miss out on owning a home.
They will be renting at retirement age or have nowhere to live. Its a ticking time…
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