Owning a home becoming an ‘impossible dream’ for huge number of Australians

The West Australian's Federal Political Reporter Sarah Ison says owning a home is becoming an “impossible dream" for a "huge number” of Australians as prices soar.

The Herald Sun is reporting the media house price in Melbourne is now $1.072m which is up 13.8 per cent from the same time last year.

“It makes you feel despondent about every being able to own a home,” she said.