Advertisement
With home ownership rates collapsing, especially among younger cohorts, more concerns have arisen that the retirement system is unprepared for a future where a large proportion of Australians rent:
Those who own property as they approach retirement are much better off than those of the same age who rent, ABS data shows…
In 2017-18, the ABS found that property-owning households — where at least one of the occupants was 65 and over — had a median net worth of $960,000.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.