Sydney’s Home Ownership Plummets | Sydney News
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Sydney’s Home Ownership Plummets | Sydney News
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Sydney’s home ownership rate has plummeted to just under 60%, the lowest in nearly 70 years, as affordability pushes younger Australians out of the market — while Queensland and Western Australia buck the trend with rising ownership, thanks to lower costs and remote work flexibility. Despite the challenges, national housing optimism persists: more homes are being built and first-home loan approvals are up, proving the dream of owning a home is far from dead for many Australians.
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