Food for thought. If more of these kids are staying at home then it will reflect the decline in birth rates in the last few decade with less adults per household as they turn 18.
I'm sure you understand
Or are you saying that most young adults are buying homes and moving out as the norm? If so can you explain why FHB's are at historical lows, even after abs recently refined their data collection on them ?
If more and more kids were staying at home after they turn 18 then the number of adults per dwelling would be rising, not falling.
The stats clearly prove more and more kids are leaving home after they turn 18, because they can afford to establish households themselves due to better affordability!
Except the data shows less and less adults living in each home!
Don't forget the aging population and more divorces. Lots of older people living alone skewing the results. Reality adult children are living at home longer with mum and dad often well into their 20's. This suggests affordability issues.
Are adult childrens wages included in hosehold incomes as this would also skew this figure?
Reality adult children are living at home longer with mum and dad often well into their 20's. This suggests affordability issues.
I hope you can use data to prove there's more adult children living at home these days than there used to be. Are you using data to make that determination? Or is it merely a personal opinion you happen to hold?
Because the ABS data I posted shows less adults per household now than there used to be, which suggests affordability has improved (less incomes per household now needed to service mortgage repayments)!
The MvCrindle report is a good read. The abs data is 9 yrs old at best, hardly an indication of what is happening today.
It would be very interesting to see data in relation to the 27% of Melb and NSW 20-34 yr olds who are at the parental home and how many of them have IP(s).
The MvCrindle report is a good read. The abs data is 9 yrs old at best, hardly an indication of what is happening today.
It would be very interesting to see data in relation to the 27% of Melb and NSW 20-34 yr olds who are at the parental home and how many of them have IP(s).
Australian households have changed considerably in number, size and composition over the last 95 years (graph 7.39). During this period, the Census number of private households increased from 894,400 in 1911 to 7.6 million (occupied private dwellings) in 2006, whereas the average number of persons per household declined from 4.5 in 1911 to 2.6 in 2006. Much of this decline can be attributed to reductions in completed family size and the increase in one person and two person households."
Worth noting that we now have more couple living together, without kids, than with kids.
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