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1.Market Observations, 8.Was Sticky

2 Aug 2017 (TheAge,Domain) – No way out for rent generation – ‘A social crisis’: Number of homeowners under 40 falls dramatically in four years

(2 August 2017, The Age, p11, Jennifer Duke, Domain)

‘Home ownership for Australians under 40 dropped dramatically from a third to a quarter in just four years, a new survey released on Wednesday shows. Latest figures show 31.2 per cent of 18 to 39 year olds owned a home in 2010, compared with 25.2 per cent in 2014, the Household, Income and Labour Dynamics in Australia (HILDA) Survey found. In 2002, 35.7 per cent owned a home. And while six in every 100 people between the ages of 18 and 24 owned a home in 2002, this figure has now dropped to just two. And experts anticipate this trend will continue.’

Read more at Domain.com.au

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