✓ SBS AustraliaMoney & Work

Young Australians' home ownership rates hit 1940s lows

Fewer than 40 per cent of Australians aged 25 to 34 own homes, matching 1940s levels. In some parts of Australia, rents have soared 80 per cent in five years since COVID freezes ended.

Why it mattersYoung Australians are falling behind earlier generations in building housing security and wealth. Their parents could save and buy homes more easily, but today's young adults earn less and face higher costs.

AustraliaThis is an Australian crisis. Young Australians are earning less than previous generations while facing higher property costs relative to income, locking millions out of homeownership and long-term financial security.

✓ Claims checked against the source and corrected before publish. checked 2 h ago