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The housing affordability trap

Saul Eslake writes in Inside Story (12.5.16) that falling home ownership rates are bad for households and bad for the economy. He observes that governments are starting to respond to the issue, but much more can be done.

'"A home of one’s own" – often described as the Great Australian Dream – is not a uniquely Australian aspiration, but for decades it has ostensibly enjoyed bipartisan support in this country. So it’s surprising to find that when the last census was taken, in August 2011, Australia’s home ownership rate was lower than at any time since 1954.'

 

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