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.’
- The housing affordability trap »
- Housing affordability stress affects one in nine households, but which ones are really struggling? »
- Waiting to borrow: buying a first home amid soaring real estate prices feels grimly Beckettian »
- From a ‘class divide’ to ‘intergenerational theft’, Australia’s real estate frenzy leaves many behind »
- Housing affordability for young people is beyond a crisis – so what do we do now? »
- To make housing affordable, property prices need to fall, hurting many Australians with big debts »
- Housing affordability in Australia: tackling a wicked problem »
- How would rent caps work in Australia and how might they affect affordability?
- Australia’s hidden housing crisis: survivors of modern slavery have few safe places to turn
- House prices just keep rising – everyone but the Australian government can see it’s a good investment