Over the past 20 years,owning your domestic outright has gone from almost being the norm to being almost less likely than rentingThe two-yearly housing occupancy and cost data released on Friday tell the account of Australian housing over the past 20 years – and it is one of increasing reliance on debt, houses getting bigger and more people renting than ever before. Twenty years ago, or as Australia came out of the 1990s recession,nearly 43% of households lived in a house they owned outright. Just 28% of households were worrying approximately paying off a mortgage on their domestic, and renting was done by a minority – barely over a quarter of households:Continue reading...
Source: theguardian.com