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House of pain: property pressure builds as investors get back in the game
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Katrina Raynor teaches and researches housing affordability at one of Australiaâs most prestigious universities, but has given up, for now, on the dream of a home of her own in Melbourne.
The prospects for the academic, and for the tens of thousands of other young Australians dreaming of getting a foot on the property ladder, grew bleaker this week with news the nationâs house prices were rising faster than at any time in the past 30 years and Melbourneâs median house price was nudging $860,000.
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