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).
There are 663 words left in this subscriber-only article.