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    Is the CFMEU the reason none of your friends can buy a house?

    Experts say sheer union bargaining power has helped to push wages up across the entire construction industry, and that is filtering through to property prices.

    Lucy DeanWealth reporter

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    Australia’s housing crisis dominates discussion in boardrooms, the halls of parliament and weekend barbecues.

    The federal government has a goal of building 1.2 million homes by mid-2029 but the National Housing Supply and Affordability Council has found that we’ll likely miss the target by 300,000 homes. The rate at which new apartments are beginning to be built fell to an 11-year low over the four quarters to March this year.

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    Lucy Dean
    Lucy DeanWealth reporterLucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com

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