The great Australian dream of owning a home with a backyard or any kind of property is looking increasingly like that - a dream, at least for many young people.

After two months of house hunting, 27-year-old mining engineer Richard Blattman and his partner Jen, 29, are starting to give up on their dream of owning a two-bedroom cottage in inner Brisbane. “We want to maintain our lifestyle which is probably a bit unrealistic,” he said. “We’re almost at a…