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(n) - a dual income (or more) h/hold who participates in propping up the Australian housing bubble by buying houses by taking out an excessively large housing loan. The resulting interest payments leave them to lead a life of poverty, but hey atleast they have a roof over their heads.
$600,000 to purchase a median property in Melbourne now, you'd have to be a mega mortgage mug to even consider buying at these prices.
by AusHousingCrash September 24, 2010
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