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Why are Australia's house prices so high?

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The Sydney Morning Herald and The Age

In 1973, the average Australian house cost four times the national salary. Today, it's 11 times the average salary. Evan Thornley, Longview Chair, explains why this is happening and why the trend of increasing house prices is unlikely to stop, even with interest rate hikes.

#housingmarket #rent #money #australia #news #economy #politics

Video by Tom Compagnoni.

posted by zachary1134oz


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