Josh Frydenberg’s review of the retirement income system will have to consider the growing hole caused by our decisions to delay buying homes for longer and longer.
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.
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.
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.
The Earned Income Tax Credit was established in 1975 to reduce payroll taxes and help with rising prices for low-income families. Today, it could help poor families with housing.
Queensland Minister for Housing and Public Works Mick de Brenni made the claim while announcing a $2 billion housing investment scheme. But is the claim correct?
Renting a house shouldn’t mean it’s not home. Until we change our meaning of home by separating it from ownership, we will never be able to “fix” Australia’s housing crisis.
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.
Cuba is freeing up the market in residential private property but with a public referendum still to come, what impact will such measures have for ordinary Cubans.
Another affordable housing pact between the Commonwealth, states and territories came into effect this month. But with no new funding, the agreement may be different from predecessors in name only.
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?
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.
A new report by the Institute for Fiscal Studies shows home ownership rates have collapsed: today, just one in four middle-income millennials will own their own home.
Professor; School of Economics, Finance and Property, and Director, Australian Housing and Urban Research Institute, Curtin Research Centre, Curtin University