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AAP
AAP
Politics
Lucinda Garbutt-Young

REVEALED: Aussies forgoing lifestyle for homes in record numbers | Vintage Vibes

First-time home buyers are making significant financial sacrifices to climb the ladder. (Susie Dodds/AAP PHOTOS)

Australians are willing to cut back their spending in record numbers to afford a property, affirming the ongoing value of home ownership, new data shows.

More than 75 per cent of residents were willing to cut their spending back to afford a home, a Cotality survey released on Friday revealed.

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