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Home ownership is a key cultural icon in Australia.[1] Australians have traditionally aspired to the modest Great Australian Dream of "owning a detached house on a fenced block of land."[1][2] Home-ownership has been seen as creating a responsible citizenry; according to a former Premier of Victoria, "The home owner feels that he has a stake in the country, and that he has something worth working for, living for, fighting for."[3]

The Australian government has encouraged broad-scale home-ownership through tax incentives[citation needed]; as a result, 70% of households own their own homes — one of the largest proportions of any nation.[3][4] The prevalence of home-ownership has meant that renters and owners are not divided as sharply along income lines as they are elsewhere: 55% of low-income households and 80% of high-income households are home-owners.[5]

In the past, home-ownership has been a sort of equalizing factor; in postwar Australia, immigrant Australians could often buy homes as quickly as native-born Australians.[2] Additionally, Australian suburbs have been more socio-economically mixed than those in Britain or America. In Melbourne, for instance, one early observer noted that "a poor house stands side by side with a good house."[2]

Affordability Edit

Home-ownership in modern Australia, however, is becoming more exclusive. The ratio of Australians' average income to the price of the average home was at an all-time low in the late 1990s.[6] Young people are buying homes at the lowest rates ever, and changes in work patterns are reducing many households' ability to retain their homes.[7] Simultaneously, homes that are being constructed are increasing in size[2] and holding fewer people on average than in the past.[8] The fraction of houses with four or more bedrooms has increased from 15 percent in 1971 to greater than 30 percent in 2001.[9]

Average floor area

Note: The United States, China and the European Union are the world's biggest economies, representing more than half of Global GDP. Shanghai is considered to be a trend setter for Chinese development. US floor area dropped in 2008 because of the credit crisis.


See alsoEdit

ReferencesEdit

  1. 1.0 1.1 Winter, Ian and Wendy Stone. Social Polarisation and Housing Careers: Exploring the Interrelationship of Labour and Housing Markets in Australia. Australian Institute of Family Studies. March 1998.
  2. 2.0 2.1 2.2 Davison, Graeme. "The Past & Future of the Australian Suburb." Australian Planner (Dec. 1994): 63-69.
  3. 3.0 3.1 Kemeny, Jim. "The Ideology of Home Ownership." Urban Planning in Australia: Critical Readings, ed. J. Brian McLoughlin and Margo Huxley. Melbourne: Longman Cheshire Pty Limited, 1986. p256-7.
  4. Badcock, Blair and Andrew Beer. Home Truths: Property Ownership and Housing Wealth in Australia. Melbourne: Melbourne University Press, 2000, p2.
  5. Kemeny, Jim. "A Political Sociology of Home Ownership in Australia." The Australian and New Zealand Journal of Sociology 13 (1977): 47-52.
  6. Badcock, Blair and Andrew Beer. Home Truths: Property Ownership and Housing Wealth in Australia. Melbourne: Melbourne University Press, 2000, p128.
  7. Badcock, Blair and Andrew Beer. Home Truths: Property Ownership and Housing Wealth in Australia. Melbourne: Melbourne University Press, 2000, p150-152.
  8. Australian Bureau of Statistics. Australia Social Trends 1994: Housing – Housing Stock: Housing the Population. 18 Nov. 2002.
  9. Australian Bureau of Statistics. Australia Social Trends: Housing – [1]. 22 Apr. 2004.
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