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AAP
AAP
Politics
Jacob Shteyman

Housing costs crisis needs 'decades' of falling prices

Peter Tulip Nicola Powell Tim Lawless Cotality Reserve Bank
The scale of the housing price downturn is modest in comparison to recent upward surges. (Susie Dodds/AAP PHOTOS)

Australia's housing downturn might need to continue for a generation if home ownership is to become affordable again.

Home prices fell 0.4 per cent nationwide in June after a 0.3 per cent decline in May, according to data house Cotality.

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