Business
House prices roar back to life as pandemic fails to cure affordability crisis – The Age
As the property market shrugs of the COVID-19 recession and prices take off, experts say Australia’s housing affordability crisis is here to stay.
With Melbournes median house price tipped to pass $920,000 next year more than 10 times the average annual full-time wage people who cannot get a foot on the property ladder are worried.
University of Melbourne housing specialist Kate Raynor is one observer who hoped to see improvements in the affordability picture during the pandemic, but said the opposite had happened.
Were continuing a trend thats been happening for the last 30 years, where house prices have increased well and above the rate…
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