Front page of the Weekend Australian Financial Review today:
Expensive housing turning Australia into a nation of renters
http://www.afr.com/p/national/expensive_housing_turning_australia_WSw4y4QvQDc89p6aAiYKGI
"Short of a dramatic reverse in the next 10 years, the proportion of renters will rise inexorably to European levels, as the high- ownership generations pass on."
We all know what happened in Europe.
bubble turning australia into a renter nation.
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