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Paying off a home loan used to be easier than it looked. It's now harder. Here's why

By Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
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So you think it’s the right time to dive in and buy a home.

I can’t tell you you’re wrong. I can tell you it would have been better to do it before prices began soaring, and that if they keep soaring it will get worse still.

When the year began, the typical Sydney price was $872,000. Five months later at the start of June it is $970,000.


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