Should first home buyers use drastic measures to scrape together a deposit?

Everyone agrees: buying a home in Australian capital cities is insanely expensive. With property prices on average four to five times higher than household incomes, saving a deposit for your first home is becoming harder than ever. No wonder young Australians are getting onto the property ladder later. Data from the Australian Bureau of Statistics shows that back in 1982, about 56 percent of 25- to 34-year-olds owned a home, but by 2011 this figure had fallen to 34 percent of that age group. ...
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