It was the Australian dream to own a home and a block of land.

But while that was once very achievable, it’s not anymore. So why did that change and can it be reversed?

Today, the ABC’s Alan Kohler explains why anyone born after 1980 is in a tricky position. 

He’s written a Quarterly Essay about the housing market and says it’d take an 18 year freeze in house prices to return to an income to house price ratio that he and his parents enjoyed.

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Alan Kohler, ABC finance presenter