The overall stats show less people sharing, and more people moving out to form new households than before.
They're also staying unmarried longer, and childless longer. They're staying in education longer, and traveling more before settling down. As a result, we should also expect them to start new households later in life, but since they're living longer, it may be at a similar life stage as before.
Australian and international studies identify FORMAL MARRIAGE as the primary driver of home ownership and household formation.
Your figures indicate home ownership and household formation not in decline but ON THE RISE at the macro level, yet deferred until later in life for sociodemographic reasons. That aligns with the studies.
Based on census data, a fall in rates of home ownership has been observed among Australians aged less than 35 years. There is debate as to whether this fall is due to changing affordability (Yates 1999, 2002) or to delays in family formation among young Australians (Mudd et al. 2001).
We find that once other characteristics are controlled, there is no indication of falls in home ownership across birth cohorts. If anything, more recent birth cohorts are more likely to be homeowners than earlier cohorts.
Formal marriage is the key variable associated with entry to home ownership.
Australian and international studies identify FORMAL MARRIAGE as the primary driver of home ownership and household formation.
Your figures indicate home ownership and household formation not in decline but ON THE RISE at the macro level, yet deferred until later in life for sociodemographic reasons. That aligns with the studies.
lol. so household formation drives demand and so does divorce. wow, your cake and eat it too...
Boomers perfected divorce and are creating a grey divorce revolution as they age...
Cool was it a consideration of replacement cost/life span of the panels (or maybe something else altogether?)
The FIT (feed in tariffs) has changed a lot. Mine is fixed at 66c for every kw I generate and anything I use is bought back from the grid at less than that figure
IIRC, the current way it works is you use what you generate from the solar panels. If you use more, then you purchase it from the grid at normal prices If you use less, it feeds back into the grid at 22c The catch is unless you use the electricity you generate at the time you generate it, you end up selling to the grid for 22c and purchasing it when you come home from work for more than 22c.
This significantly changes the payback period for people connecting to solar now.
TLDR; If you use a lot of electricity when the sun it shining, its worth getting solar panels. Otherwise, it's not.
Edit: The above is for NSW - might be different for other states
interesting - so if no one is home during the day there is little point in having it?
Wouldn't it still be cheaper, given the 22c though?
22c will mean payback period of 6 years instead of my 2 years Also, panels cost more now with the government subsidy finished so payback would be more than 6 years.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
The FIT (feed in tariffs) has changed a lot. Mine is fixed at 66c for every kw I generate and anything I use is bought back from the grid at less than that figure
IIRC, the current way it works is you use what you generate from the solar panels. If you use more, then you purchase it from the grid at normal prices If you use less, it feeds back into the grid at 22c The catch is unless you use the electricity you generate at the time you generate it, you end up selling to the grid for 22c and purchasing it when you come home from work for more than 22c.
This significantly changes the payback period for people connecting to solar now.
TLDR; If you use a lot of electricity when the sun it shining, its worth getting solar panels. Otherwise, it's not.
Edit: The above is for NSW - might be different for other states
Your post is confusing and I suspect you don't the system.
In QLD (for those that got in before the govt curtailed it):
Firstly you use what you generate (as you use it), if you generate more than you use, you sell it to the grid (as you generate it) and you buy it back when you're not generating.
While you are at work and the sun is shining and you're using bugger all power you sell to the grid at 44c. You come home from work and start up all the electrical devices and pay 22c for the power you use.
Your post is confusing and I suspect you don't the system.
In QLD (for those that got in before the govt curtailed it):
Firstly you use what you generate (as you use it), if you generate more than you use, you sell it to the grid (as you generate it) and you buy it back when you're not generating.
While you are at work and the sun is shining and you're using bugger all power you sell to the grid at 44c. You come home from work and start up all the electrical devices and pay 22c for the power you use.
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