A young man's home really is his castle now

The RBA inquiry into housing affordability notes that to buy a home in this market you need a leg-up from wealthy parents. It’s relegating poorer families to a rental serfdom that is distorting the market.

According to the Reserve Bank of Australia, measures of housing affordability have improved since the onset of the global financial crisis. But that is little relief for prospective first home buyers who have fled the market as prices have boomed.


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