Jul 13, 2022
At long last, we’re seeing the results of the 2021 Census being published by the ABS and there are some surprises on real estate matters.
Most people, I suspect, would have expected home ownership rates in Australia to have fallen over the five years since the previous Census – but they’ve actually improved a little.
In fact, there’s been little change in the rate of home ownership in the past 25 years.
This is perhaps a surprise given the constant steam of articles in mainstream media telling us that home ownership is effectively dead because no one can afford to buy.
The new Census data shows that it’s still the case that two-thirds of Australian households own their homes, either outright or with a mortgage.