In what is being described as an unprecedented housing crisis, Australia is witnessing the disintegration of the ‘Great Australian Dream’ of home ownership. The crisis, underscored by skyrocketing property prices and inaccessible home loans, is reshaping the nation’s identity and causing distress, particularly among younger generations such as Gen Z and millennials. Housing, once perceived as a right, is increasingly being treated as an investment, leaving many without a glimpse of financial independence or housing security.

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