HOUSING AFFORDABILITY. BY MICHAEL CAMERON.

Australians have had a long love affair with property and a history of aspiring to own their own home. Home ownership reached almost 70% in the early 1960s, an amount considered to be extraordinary at the time. Still today, this love affair continues. Despite house prices climbing some 9% per annum for the last 15 years, approximately 69% of Australians currently own their own home.