Australia’s home ownership rate peaked at 73 per cent in 1966, but is about 63 per cent today. Here are ways to fix a damaging crisis that has morphed into a political, economic and social problem.
Australia’s property market is increasingly becoming a game of insiders and outsiders.
People who can save for a large deposit to buy a house or apartment, particularly with the help of the “bank of mum and dad”, get on the property ownership ladder.
John KehoeEconomics editorJohn Kehoe is Economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
