The ABS released their latest Housing Occupancy and Costs series for the financial year 2019-20. Now, this is important research of course but the potential of the findings to be useful are blunted by that fact that much has changed since June 2020, which of course was in the early phase of COIVD. With that caveat, there are some important findings.
First, in terms of basic home ownership, In the past two decades, from 1999–00 to 2019–20, the percentage of Australian households that own their own home: With or without a mortgage decreased from 71% to 66%. Without a mortgage decreased from 39% to 30%. With a mortgage increased from 32% to 37%.
In other words, more people are more in debt, no surprise for those following our shows. There are also some important state differences.
In the rental sector, Between 1999–00 and 2019–20, the percentage of Australian households that rent their home from: All landlord types increased from 27% to 31%. A private landlord increased from 20% to 26%. A state or territory housing authority decreased from 6% to 3%. Again there are significant state variations.
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