RESIDENTIAL PROPERTY
FALLING incomes and a cost-of-living crisis are keeping young adults in the parental home for longer, according new this year’s Annual Statistical Report of the Household, Income and...
More than half of men – 54.3% – and 46.7% of women aged 18 to 29 years old are still living under the same roof as their parents...
Commenced in 2001, the HILDA Survey is a longitudinal study of Australian households. As of December 2023, 22 waves (years) are available to researchers...
Most of the growth in the rate of young adults staying at home occurred in the 2000s for young men, lifting from 46.6% in 2001 to 53.5% in 2010. For young women...
“There are a number of factors preventing young Australians from gaining their first foothold on the property ladder – many young Aussies are taking longer to find their...
Professor Roger Wilkins, deputy director of the Melbourne Institute: Applies Economic & Social Research and HILDA Survey co-director, said, the social and...
“We’ve seen a rise in higher education participation, declining full-time employment opportunities for young people, a rising cost in housing, and a trend towards later marriage and...
Wilkins said some young people would like to start their adulthood journey and to have their own home, but Australia’s economic conditions aren’t allowing that...
Government measures not going far enough
Australian Bureau of Statistics data showed dwellings approvals tanked by 15.4% in 2023, down to 162,194 – a number not seen in a decade. The federal government has
The National Housing Accord has the aim of delivering 1.2 million “well-located” new homes, also over five years. However, the target has been described as “very unrealistic”...
The Community Housing Industry Association last week called on the Albanese government to double the Housing Australia Future Fund (HAFF) to at least $20 billion,...
In addition, the National Housing Accord Facility (NHAF) – part of the National Housing Accord – will aim to deliver a further 10,000 new affordable homes...
In addition to house prices hovering around record levels, Australians trying to get into the property market are also faced with stamp duty costs that have grown as...