Home ownership for all has gone AWOL in OZ… or has it?

Matt and Jacques have a conversation based on Per Capita’s last Discussion Paper ‘Generation Stressed’: House Prices and the Cost of Living in the 21st Century.It became clear based on research comparing the cost of housing across three generations – in the 1970s, mid- to late-80s and early 2000s -  the latter - Gen X people - who bought their homes around the turn of the Millennium, suffered from a 130% increase in the lifetime cost of owning a home compared to 30 years earlier (i.e. compared to those who bought their homes in the 70s).  The Discussion Paper (see link below) then explores some of the consequences for individual households and for the Australian economy as a whole. https://percapita.org.au/our_work/generation-stressed-house-prices-and-the-cost-of-living-in-the-21st-century/