Home ownership falls as each generation passes

The Australian Institute of Health and Welfare (AIHW) 2019 welfare report has recorded falling rates of homeownership as each generation passes, alongside growth in renters, especially among younger Australians:

While Census data provides the most comprehensive view of housing tenure among Australian households, it is limited to once every 5 years. Other survey data can be used to monitor changes in housing circumstances during non-Census periods. Survey of Income and Housing data shows that in the past 20 years to 2017–18, there has been a decline in the proportion of households owning their home without a mortgage, and increases in households with a mortgage and in private rental agreements (Figure 1).

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