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Many homeowners in Melbourne would be cheering the city's median price passing $1 million, but it's a different story for those looking to enter the market. Photo: Shutterstock

Melbourne’s magic million median house price proving tricky for many

Melbourne’s median house price has reached the magic million dollar mark, but for those trying to enter the market, it’s a disappearing act for their ownership aspirations.

Jarrod Neil is university educated, in his early 30s and has a medical imaging job that pays better than the average salary. 

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