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“We’re in a genuine national crisis on affordability,” she says. “It will have an effect on the next generation unless we solve it quickly.
Lloyd-Hurwitz says not enough homes are being built to cope with population growth even though migration virtually came to a standstill in the past two years.
She says apartment supply along the east coast of Australia next year is still going to be about 45% down on what it was in 2018.
The result is, she says, that young first-time buyers will find that prices continue to increase.
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