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Men's Weekly

The housing boom propelled inequality, but a coronavirus housing bust will skyrocket it

  • Written by Ilan Wiesel, Senior Lecturer in Urban Geography, University of Melbourne
The housing boom propelled inequality, but a coronavirus housing bust will skyrocket itiStockAuthor provided

A housing boom that lasted from the mid-1980s with only minor interruptions has added to rising income inequality in Australia. Yet an impending housing market bust, triggered by the coronavirus pandemic and the resulting spike in unemployment, will not restore greater equality. On the contrary, recent history shows housing...

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