Home Ownership levels are dropping in Australia
The proportion of Australian households who own their home – either with or without a mortgage – has fallen from a peak of 71.7 per cent in the early 1990s to 68.7 per cent in March 2013. The rest of households rent, or are in public housing.
BUT, is this figure, showing a 3% change upwards, really an accurate impression?
Another way to look at it is this:
Home Ownership levels are Rising in Australia
The proportion of Australian households who own their home – either with or without a mortgage – has RISEN from the 68.4% in 1976, to 68.7% in March 2013.
It did actually peak in at one stage into the 70% range, but in general. It is probably staying basically the same.
Home ownership rates as measured in the ABS Census of Population and Housing, show the following rates:
1971 the home ownership rate was 68.8%
1976 the home ownership rate was 68.4%
1981 the home ownership rate was 70.1%
1986 the home ownership rate was 70.4%
1991 the home ownership rate was 68.9%
1996 the home ownership rate was 69.0%
2001 the home ownership rate was 69.5% or was it 66%
2006 the home ownership rate was 69.8% or was it 65%
2011 the home ownership rate was ?
http://www.abs.gov.au 1370.0 – Measures of Australia’s Progress, 2010
2011 Census: 67% of occupied private dwellings in Australia, are owned. 32.1% were owned outright, 34.9% were owned with a mortgage. 75.6% were separate houses, 9.9% were semi-detached, row or terrace houses, townhouses etc, 13.6% were flats, units or apartments and 0.9% were other dwellings. 2011 Census
2006 Census: 65% were fully owned or being purchased, slightly lower than in 2001 (66%). 75.3% were separate houses, 8.9% were semi-detached, row or terrace houses, townhouses etc, 13.1% were flats, units or apartments and 1.9% were other dwellings with 0.8% not stated. 2006 Census
2001 Census: 66% were fully owned or being purchased.
UK homeownership falls to lowest level since 1988.
The HomeOwners Alliance (HOA) says the UK owner-occupation rate peaked at 69.7% in 2002, but has fallen to 64.7% in 2012.
New Zealand Home ownership rates
In 2007 the New Zealand Household Economic Survey put home ownership at 70 percent. But now in 2012 it is 65 percent. http://www.stats.govt.nz/…/housing-profiles-owner-occupied.aspx
US homeownership rate
After hitting a record high 69.2 percent in 2004, US homeownership rate continued to decline, reaching an 18-year low 65 percent in the first quarter of 2013. http://www.census.gov/…/currenthvspress.pdf
Current levels 2012/13:
- 68.7% Australia
- 65.0% New Zealand
- 65.0% USA
- 64.7% UK
51.1 - 588,071