Peak Australian home ownership

Peak Australian home ownership - rising prosperity (and smashed avocado) versus housing affordability

Dr Shane Oliver, Head of Investment Strategy & Chief Economist insights

Based on a Report by Bernard Salt, Australia’s home ownership rate peaked at 73% in 1966 as the home was then seen as synonymous with wealth and security.

Since then, the trend has been down, influenced by a combination of demographic trends, rising prosperity and changed perceptions of wealth.