Home ownership dream shattered over the generations
Evidence continues to mount that it is much harder for younger generations to get a foothold in the property market.
Chris Ferris says affordability issues have locked many young Australians out of the property market. (Image source: Shutterstock.com)
Evidence continues to mount that it is much harder for younger generations to get a foothold in the property market.
The harsh statistics presented by years of Census data are undeniable and track the continued decline in home ownership since the 1940s.
Unveiling a slow and steady decline in home ownership for young people, the Census data shows that in the period 1947-1951, 54.2 per cent of people aged 25-29 were homeowners.
But by 1971 th…
