Number 17: Some issues in home ownership




Author:  William Mudd, Habtemariam Tesfaghiorghis and J Rob Bray

The analysis of home ownership rates from ABS statistics from 1981 to 1996 suggest that the decline in home ownership could reflect a trend towards deferring ownership, but not a reduction in the lifetime achievement of owning a home.

More recent data shows that this trend has not continued since 1996. Incentives, such as the First Home Owner Grant, combined with lower interest rates appear to have contributed to improving affordability, and possibly increasing the rate of home ownership.

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