• The property market has become so expensive that nine out of 10 Australians are despairing about their prospects of achieving the ‘Great Australian Dream’, new data shows.

A white paper from Mortgage Choice in conjunction with research firm Core Data, The Evolving Great Australian Dream, surveyed 1000 Australians to find out whether attitudes towards home ownership were shifting.

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The great Australian dream of a house on a quarter-acre block is fast fading. Photo: Glen McCurtayne