Between 1982 and 2013, the share of home owners among 25-34 year olds shrunk, by more than 20%. On the other hand, the share of home owners among those aged 65+ years has risen slightly.
Perceptions of the levels of both income and wealth inequality are derived from our day-to-day experiences.
AAP/Dean Lewins
If the gap between the wealth of the billionaires and that of the average residents continues to widen dramatically, there is likely to be discontent.
Having only a few people with most of the wealth, motivates others. This theory is actually wrong according to research.
Aakkosia sosialistien lapsille (1912)/Flickr
Individual households in Australia, on average, own 83% of all investment dwellings rented to private tenants or resold. They are people who usually have another main source of income.
We need to consider whether values are the basis of beliefs about inequality.
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Overwhelmingly, trusts are used to minimise tax, avoid paying creditors and to avoid the fair division of property after a relationship breakdown.
The region with the most unequal incomes in Australia is Melbourne City, where the top 20% have an income that is 8.3 times as high as those in the bottom 20%.
Dan Peled/AAP
New research finds a state of confusion when it comes to Australian government policymaking on housing, despite its huge economic and social significance.
Jenni Henderson, The Conversation and Josh Nicholas, The Conversation
Data for 2014-15 from the Australian Taxation Office shows inequality is growing in a number of areas.
Data from the Australian Prudential Regulation Authority (APRA) reveals the average balance on housing loans has barely trended upwards over the last five years.
Tracey Nearmy/AAP