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AAP
AAP
Jacob Shteyman

Tax changes 'crack the nut' on housing affordability

Australia's housing market is undergoing its biggest affordability improvement in 50 years. (Joel Carrett/AAP PHOTOS)

Slumping auction clearance rates show buyers continue to eschew the property market, but prospective home owners are set to win long term.

The nation's housing market is undergoing its biggest affordability improvement in 50 years, according to left-leaning think tank the Australia Institute.

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