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Australians heading to housing struggle street

Posted on 23 September 2011

The great Aussie dream of secure home ownership is rapidly fading for Generation Y with just one in 40 expected to own their properties outright when they retire. While property prices continue to soften and rates remain on hold, Generation Y is heading to housing struggle street as they age, a survey reveals.
An Australian Housing and Urban Research Institute study warns that the share of today’s Gen Ys still paying off a mortgage in retirement will more than triple by the middle of the century……………………………………….Full Article: Source


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