Published: April 20, 2019
Millennials could be forgiven for feeling smug about the drop in Sydney and Melbourne house prices
For the past decade, there was seemingly one story and one story only to be told about Australia’s property market and it went something like this: a young couple, usually from Sydney or Melbourne, starts saving to buy a house but struggles to keep up with skyrocketing prices.
They attend auction after auction, but are out-bid by baby boomer and overseas investors, who are amassing huge property portfolios to diversify from stocks, or, in some case, simply get rich and retire early.
Continue reading...from The Guardian http://bit.ly/2Gwmfdi
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