Young Australians have been the worst hit in the current housing crisis, with 70 per cent believing that they will never be able to buy their own home, according to a report by Resolve Strategic. Loading… According to research by the Australian Bureau of Statistics (ABS), the average house prices in Sydney and Melbourne have skyrocketed by 150 per cent and 140 per cent respectively over the past decade. The ABS reports that the homeownership rate for individuals aged 25-34 has fallen from 61 per cent in 1981 to a mere 36 per cent in 2016. Furthermore, the…