Despite owning a smaller share of their home, younger homeowners borrow often, and borrow more, than their parents.
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An approach to building homes collectively, inspired by German baugruppen, has been adopted in Australia with positive results.
The gap in housing wealth between older and younger Australians has widened from 161% to 234% – making it almost half as big again.
Thanks to demographic and political changes, Democratic contenders are addressing this issue for the first time.
The Commission of Audit has recommended including homes above a certain value in the means test that determines who gets the age pension and how much. Under the proposal, homes valued in excess of A$500,000…
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Research Fellow, School of Accounting, Economics and Finance, Curtin University
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John Curtin Distinguished Professor, Curtin University
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Professor, Finance, UTS Business School, University of Technology Sydney
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Senior Lecturer, School of Property, Construction and Project Management, RMIT University
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Distinguished Professor of Sociology, Texas A&M University