The Grattan Institute warns that collapsing rates of home ownership endangers Australia’s retirement system and could send government spending on housing assistance soaring. From The Conversation:
…new Grattan Institute modelling shows the share of over 65s who own their home will fall from 76% today to 57% by 2056 – and it’s likely that less than half of low-income retirees will own their homes in future, down from more than 70% today.
