Melbourne entry-level house prices soar, widening the deposit gap - Sydney Morning Herald

Melbourne’s entry-level house prices have soared by more than 80 per cent in a decade, and while the government’s offer of help to get on the ladder is popular, experts say it risks adding fuel to the fire.

I think strategically buyers are looking for something that far exceeds their current needs, so, if theyre planning for a family they do stretch themselves to afford a house, she said. First-time bu… [+3124 chars]

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