‘It’s not a house… it’s a home…’ Darryl Kerrigan, The Castle.

It was the mid-1990s, economically, the hard times induced by Keating’s ‘recession we had to have’ had left its mark. This famous line was about to drive a nail through Keating’s chance of re-election and condemn the ALP’s economic credentials in the minds of the electorate for decades to come.

Today, mortgage rates have returned to the serviceability costs faced by Sydney families in 1989, but with higher debts, this is a more difficult prospect for young families.

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