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Young Melbourne families delay home ownership amid apartment boom, unaffordability: expert

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By Kirsten Robb and Emily Power
Young Melburnians are delaying the milestone decision to buy a house and are renting longer, confronted by unaffordability and a deluge of non-family friendly stock.

More than 42,000 new apartments in Melbourne are forecast between 2015 and 2019, according to valuation firm Charter Keck Cramer, but critics say the appetite of young buyers on a budget is out of step with what is being built.

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