And the dreams of homeowners will be shattered with further increases predicted for this year.
The Real Estate Institute President said: “It’s a very difficult time for first home buyers”.
Sydney is the most expensive city for new home buyers, dearer than Melbourne.
People want to live beyond their means, but are having to consider looking at areas that aren’t their first choice, or even their second choice.
“Getting your foot on the ladder is the important thing” reports the piece.
Source: Daily Mirror
From the Daily Mirror, 28 years ago, on April 6, 1988.
Some things will always come and ago, others will fall in and out of vogue – the Daily Mirror for example! – and other things just stay the same…
Thanks to Derek Loy for providing the copy via Facebook.