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Extended Essay Topic Help!

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Would it be possible to write an essay about the housing market in a region since it is not technically related to the curriculum.

If so, would "Discuss the financial and social implications of new home buyers in the tight and expensive housing market in Canberra, Australia" be good enough for a topic.

If not, how can I refine this to make it more acceptable.

Thanks. If you have any other similar suggestions, I would like to hear about it.

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