Articles on home ownership

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Increasing numbers of older Australians face a harder time paying the bills when they retire because they’ll still be paying off a mortgage or renting a home. Art_Photo/Shutterstock

Fall in ageing Australians’ home-ownership rates looms as seismic shock for housing policy

People over 65 who still have a mortgage or are renting are projected to double in number by 2031. The trend is likely to hit government budgets and leave more retirees in poverty.
Shared houses work well for 82% of people living in them in their early 20s, but only 25% see this as a long-term option. Earlyspatz/Wikimedia

First home buyer schemes aren’t enough to meet young adults’ housing aspirations

The housing aspirations of young Australians change as they enter their late 20s and early 30s. But having somewhere safe and secure to call home is the top priority for all young adults.
Older Australians aspire to the security of owning their own home, but prefer smaller houses in their later years. yopinco/Shutterstock

What sort of housing do older Australians want and where do they want to live?

Most older Australians want to live in a home they own, preferably in the middle and outer suburbs of a city. But increasing numbers look unlikely to realise their housing aspirations.
Illustration of ‘Axminster’ linoleum, in ‘Catesby’s one-piece linola squares’, Catesbys Colourful Cork Lino (1938). BADDA 181, courtesy of the Museum of Domestic Design & Architecture, Middlesex University, www.moda.mdx.ac.uk

Houses through time: some homes can reflect a century of social change

Some houses are like a time capsule of social history that can tell us how living standards, and fashions, have changed over the years.
As the dream of home ownership eludes more and more older Australians, this has big implications for retirement, pensions and government spending on rental assistance. Billion Photos/Shutterstock

When falling home ownership and ageing baby boomers collide

Until now most people have eventually owned a home. But two trends – falling ownership and a growing aged population – will put the budgets of retirees and government under real pressure.
Millennials dream of home ownership. In expensive cities like Toronto and Vancouver, they’re saving up to buy homes by living with their parents or taking on tenants once they save up enough to buy. (Shutterstock)

Canada’s millennials still dream of home ownership – and make it happen

Canada's millennials want to own homes in the country's most expensive cities, Toronto and Vancouver. Here's how they're managing to do so, but is it sustainable?
The old pathways to home ownership have been displaced by more uncertain routes that waver between owning and renting. Glenn Hunt/AAP

Home ownership foundations are being shaken, and the impacts will be felt far and wide

Increasingly insecure pathways to home ownership are not just a problem for property markets. The fallout is likely to hit retirement incomes, the welfare base, gender equity and the broader economy.

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