Please click the link to view Shane Oliver’s paper on home ownership levels in Australia.
Key points raised are :
- Based on a report by Bernard Salt, Australia’s home ownership peaked at 73% in 1966
- Since then the trend has been down, influenced by a combination of demographic trends, rising prosperity and changed perceptions of wealth
- A significant deterioration in housing affordability over the last thirty years has also likely been a key driver of declining home ownership
- The key to improving housing affordability and help home ownership is to boost supply and encourage decentralisation
