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The Canberra Times
The Canberra Times

Housing can be the way to wealth. But we need to rethink it

Saul Eslake (June 6) is right. Treating housing as an investment has pushed prices beyond the reach of many aspiring home owners.

The difficulty is that for most Australians, housing is also one of the few practical ways to build financial security. Simply reducing prices does not address the underlying advantage enjoyed by investors and others who can access cheap finance or buy with cash.

Housing is broadly seen as an investment not just a place to live. Picture Shutterstock
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