Housing Trends in Australia
Rising house prices
House prices are continuing to rise, with the average house price
already nearing 4-5 times average annual household earnings.
Decline in ownership by young people
Over the past 20 years, home purchase amongst 25-44 year olds
has dropped by 15%, with young people preferring to rent.
Rising rental costs
Tax breaks for investors rather than homeowners has had
a negative impact on housing affordability.
Each year the Australian Federal Government gives out
$8 billion in tax breaks to property investors.
Growth in social housing
Australia’s share of social housing has been traditionally low by
international comparison but it's now starting to grow.
Housing stock deficit
With a rising population, the stress on the supply of social housing
has identified a 21.8% deficit in housing stock.
A significant proportion of people living in public housing were satisfied
with the quality and management of the public housing projects where
Growth in state-owned housing
Managed housing by non-profit bodies has declined and state-owned
housing now makes up most of Australia’s public housing.