Research Discussion Paper – RDP 2017-05 The Property Ladder after the Financial Crisis: The First Step is a Stretch but Those Who Make It Are Doing OK

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We would like to thank Gianni La Cava, Bernadette Donovan, Luci Ellis, Matthew Read and Trent Saunders for helpful comments and discussions. The views expressed in this paper are those of the authors and do not necessarily reflect the views of the Reserve Bank of Australia. The authors are solely responsible for any errors.