Homebuyers

Home ownership is central to the great Australian dream. A home is not only a means of shelter, but the crucible from which personal development, family relations and community bonds spring forth. For many Australians, it is a tangible way in which they can share in the wealth of the nation.

A decade ago, social researcher, Jeanne Strachan, reflected on an emerging concern about housing: “Young couples today are the first generation since the war to face the reality that they often can’t obtain, even with two full-time workers in the house, what their own parents saw as a fair and reasonable reward for their hard work.”

Strachan observed a growing sense of pessimism about home ownership: “Many young couples have an ingrained belief that it is not ‘right’ to raise children in a rented home. They make a very strong emotional link between the goals of parenthood and home ownership. They recognise that before the birth of their first child they will bath have to work to fulfil their home ownership dream.”

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