The Australian Institute of Health and Welfare (AIHW) has issued a report of great concern to the average Australian.

While the report found most of us were living longer and better educated, it also found more of us were working yet fewer of us owned our own homes.

The Australian work-participation rate has risen in-line with our population growth (up 4 per cent to 9.4 million). Yet wee have more unemployment than at any time in the previous decade (6.0 per cent).

But the report discovered that there are significantly more renters and homeless people.

Homeownership had fallen from 42 per cent in 1994-95 to 31 per cent in 2011-12. Homelessness has risen by 4 per cent since 2012.

Home ownership rates (with a mortgage) rose form just below 30 per cent in 1994-95 to 37 per cent in 2011-12.

But in the same time the number of people renting has ballooned from 18 per cent to 25 per cent.

The number people using homelessness services climbed from 254,000 to 264,160 in the same period. 17 per cent of these people were aged under 12.

The staggering median house prices around the country are being blamed for these damning figures.

Scott Morrison, the Social Services Minister, believed it was incumbent upon federal, state, and local governments to work together to ease the cost pressures on those entering the housing market. The goal for all three levels of government should be to transition people out of homelessness and into stable accommodation with a view to homeownership.

When asked about the impact of negative gearing sweeteners on housing affordability Mr Morrison said: “I don’t buy the rhetoric which is run by many commentators,” he said in Canberra on Thursday, “when it comes to negative gearing.”

About The Author

Someone you can depend on to respect you and care for your dog. Let me help you give your dog the life it deserves.

Leave a Reply

Your email address will not be published.