ABC News & Headlines – Australian Broadcasting Corporation·3 min read·medium
While home ownership rates in some states are improving, one state is a clear outlier for unaffordable housing
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David Taylor
✦AI Summary
KPMG data indicates that home ownership rates in Sydney have dropped to their lowest levels in 70 years. While other Australian states show growth, Sydney's housing affordability crisis continues to exclude younger generations from the market.
Why it matters
It underscores a significant socio-economic shift in urban housing accessibility and the widening wealth gap.
The home ownership rate in Sydney has fallen back to levels not seen in around 70 years. ( ABC News: Fletcher Yeung )
economypolitics
Political Bias
Center
LeftLean LCenterLean RRight
Confidence: 85%
The report relies on statistical data from a major accounting firm and government census figures.
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