Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 3
Home ownership is only for the wealthy, say majority of Australians; Home ownership more of a priority than career success, travel, or having a luxurious lifestyle
Topic Started: 19 Jun 2017, 12:16 PM (2,268 Views)
Admin
Member Avatar
Administrator

Quote:
 
Almost two-thirds of Australians see home ownership as something for the wealthy, survey finds

The great divide between home owners and property “have-nots” is widening fast, according to new research commissioned by the publicly listed mortgage broking firm Mortgage Choice.

More than 60 per cent of Australians believe only the wealthy can achieve the “Great Australian Dream” of home ownership, the data reveals.

Mortgage Choice and CoreData’s Evolving Great Australian Dream study found 63.2 per cent of Australians said “only people with a lot of money can hope to achieve the Australian Dream”.

Mortgage Choice chief executive John Flavell said the finding was unsurprising considering that property prices were growing faster than wages.

Although it is becoming increasingly difficult for some buyers to get their foot on the property ladder, Mr Flavell said the research demonstrated that property ownership remained the Great Australian Dream.

“Regardless of how difficult property ownership becomes, people still want to own a home. In fact, our research shows people rate ‘home ownership’ as more of a priority than career success, travel, or having a luxurious lifestyle,” he said.

Not surprisingly, given the downward trajectory in ownership rates, more prospective home buyers are ready to compromise in their property choices. In particular, buyers across different demographic groups are considering apartment ownership.

Mr Flavell said the ownership dream had been seen as a freestanding house on a quarter acre block in the suburbs. “Today however, that dream has evolved to include different types of dwellings, like apartments.”

Read more: https://www.domain.com.au/news/almost-twothirds-of-australians-see-home-ownership-as-something-for-the-wealthy-survey-finds-20170619-gwsucf/
Follow OzPropertyForum on Twitter | Like APF on Facebook | Circle APF on Google+
Profile "REPLY WITH QUOTE" Go to top
 
Rat
Member Avatar
Filthy Rodent

The typical homeowner is far wealthier than the typical renter, at all stages of life, so this article is just common sense.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
Profile "REPLY WITH QUOTE" Go to top
 
Chris
Default APF Avatar


Rat
19 Jun 2017, 07:23 PM
The typical homeowner is far wealthier than the typical renter, at all stages of life, so this article is just common sense.
Is that the same everywhere on the planet or just in the nation that has had 26 continuous years of growth?

Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


Chris
19 Jun 2017, 11:04 PM
Is that the same everywhere on the planet or just in the nation that has had 26 continuous years of growth?
All that wealth they have to spend the next 30 years paying off.......

That will evaporate in the Next Bust......

Profile "REPLY WITH QUOTE" Go to top
 
Rat
Member Avatar
Filthy Rodent

Simon_S
19 Jun 2017, 11:29 PM
All that wealth they have to spend the next 30 years paying off
You're getting confused between assets and wealth. Only the debt has to be paid off, but debt is not part of wealth. Wealth = assets - debt.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


Rat
20 Jun 2017, 12:15 AM
You're getting confused between assets and wealth. Only the debt has to be paid off, but debt is not part of wealth. Wealth = assets - debt.
BWAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAH
Profile "REPLY WITH QUOTE" Go to top
 
Trollie
Member Avatar


Simon_S
20 Jun 2017, 02:07 PM
BWAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAH
He says because he can't think of anything smart to say
Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


Trollie
20 Jun 2017, 08:02 PM
He says because he can't think of anything smart to say
LOL.......Because the reply was only worth laughing at.......

Much like you.....
Profile "REPLY WITH QUOTE" Go to top
 
herbie
Member Avatar


Sounds like click bait ta me - 'Tho Chris'll get his jollies from it.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
Profile "REPLY WITH QUOTE" Go to top
 
couq
Default APF Avatar

Lol. This forum makes me laugh.
For people like Simon and Chris who have been waiting and trolling for years with recoard 100% growth in Sydney and Melbourne.

Overtime, buying will put you ahead and yes there will be ups and downs, all part of a cycle, but keep trolling whilst the rest work hard and build wealth.

Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Fully Featured & Customizable Free Forums
Learn More · Register Now
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 3



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy