{"id":1417,"date":"2022-01-04T11:14:38","date_gmt":"2022-01-04T11:14:38","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/number-of-renters-spikes-as-homeownership-falls-2\/"},"modified":"2022-01-04T11:14:38","modified_gmt":"2022-01-04T11:14:38","slug":"number-of-renters-spikes-as-homeownership-falls-2","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/number-of-renters-spikes-as-homeownership-falls-2\/","title":{"rendered":"Number Of Renters Spikes As Homeownership Falls"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p id=\"viewer-hf5fa\" class=\"mm8Nw _1j-51 _1atvN _1FoOD _3M0Fe _2WrB- _1atvN public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">The proportion of Aussie households renting their dwelling increased to 32%, as homeownership in the country fell to 66% in 2018, according to a new analysis from the Australian Bureau of Statistics (ABS).<\/span><\/p>\n<div id=\"viewer-ycf4c\" class=\"_2vd5k _208vH\">\n<div class=\"_3CWa- dhpWm dhpWm _3mymk\">\n<div data-hook=\"imageViewer\" class=\"_2kEVY\" role=\"button\" tabindex=\"0\">\n<div class=\"_3WJnn _2Ybje\" aria-label=\"\"><img decoding=\"async\" aria-hidden=\"https:\/\/www.assuredpropertygroup.com.au\/\/single-post\/2019\/07\/22\/true\" data-pin-url=\"https:\/\/www.assuredpropertygroup.com.au\/\/single-post\/2019\/07\/22\/number-of-renters-spikes-as-homeownership-falls\" data-pin-media=\"https:\/\/static.wixstatic.com\/media\/5fe6f6_53e6ffff70424a2499b783ce2de8df06~mv2_d_3624_2304_s_2.jpg\/v1\/fit\/w_1000%2Ch_1000%2Cal_c%2Cq_80\/file.jpg\" class=\"OzAYt _3ii3f\" src=\"https:\/\/static.wixstatic.com\/media\/5fe6f6_53e6ffff70424a2499b783ce2de8df06~mv2_d_3624_2304_s_2.jpg\/v1\/fit\/w_750,h_477,al_c,q_20\/file.jpg\" alt=\"\"\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p id=\"viewer-u67i3\" class=\"mm8Nw _1j-51 _1atvN _1FoOD _3M0Fe _2WrB- _1atvN public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">The number of households renting their home from a private landlord also rose to 27%, with the proportion of public housing tenants falling from 6% to 3%, according to the analysis.<\/span><\/p>\n<p id=\"viewer-vash9\" class=\"mm8Nw _1j-51 _1atvN _1FoOD _3M0Fe _2WrB- _1atvN public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">\u201cMost of the increase in renter households was in the private rental market. Some of the decrease in public numbers can be attributed to recent social housing provision which [has] seen the community housing sector taking on an increasingly prominent role,\u201d ABS Chief Economist Bruce Hockman said.<\/span><\/p>\n<p id=\"viewer-dm6dn\" class=\"mm8Nw _1j-51 _1atvN _1FoOD _3M0Fe _2WrB- _1atvN public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">Homeownership fell to 66% last year from 70% in 1997-98. The proportion of households owning their houses without a mortgage fell to 30% from 40%, with households who owned their home with a mortgage increasing to 37%, the analysis showed.<\/span><\/p>\n<p id=\"viewer-fvw46\" class=\"mm8Nw _1j-51 _1atvN _1FoOD _3M0Fe _2WrB- _1atvN public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">Twenty percent of households owned one or more residential properties aside from their usual residence. Of these households, 71% owned a single property, while 5% owned four or more properties, according to the analysis.<\/span><\/p>\n<p id=\"viewer-ibo1w\" class=\"mm8Nw _1j-51 _1atvN _1FoOD _3M0Fe _2WrB- _1atvN public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">Housing costs remained stable for most household tenure types, compared to recent years, the analysis showed.<\/span><\/p>\n<p id=\"viewer-h3504\" class=\"mm8Nw _1j-51 _1atvN _1FoOD _3M0Fe _2WrB- _1atvN public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">\u201cInterest rates have remained relatively low over the past several years and we have seen a recent softening in the rental market in some major cities,\u201d Hockman said.<\/span><\/p>\n<p id=\"viewer-uymwi\" class=\"mm8Nw _1j-51 _1atvN _1FoOD _3M0Fe _2WrB- _1atvN public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">On average, renters paid $366 per week on housing in 2017-18, while housing costs for owners with a mortgage were at $484 a week, the analysis said.<\/span><\/p>\n<p id=\"viewer-m0qc0\" class=\"mm8Nw _1j-51 _1atvN _1FoOD _3M0Fe _2WrB- _1atvN public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">Renters continued to devote more of their income to housing compared to homeowners, according to the analysis.<\/span><\/p>\n<p id=\"viewer-4o9kr\" class=\"mm8Nw _1j-51 _1atvN _1FoOD _3M0Fe _2WrB- _1atvN public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">On average, lower-income households who rent privately paid 32% of their gross weekly incoming, amounting to $339. While lower-income households owning their home paid their mortgage with 29% of their gross weekly income, amounting to $376.<\/span><\/p>\n<p id=\"viewer-4q74b\" class=\"mm8Nw _1j-51 _1atvN _1FoOD _3M0Fe _2WrB- _1atvN public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">Source: Your Investment Property 22nd  July 2019 https:\/\/www.yourinvestmentpropertymag.com.au\/news\/number-of-renters-spikes-as-homeownership-falls-264648.aspx?utm_source=GA&amp;utm_medium=20190721&amp;utm_campaign=YIP-Newsletter-Opener&amp;utm_content=FB30EBA4-A343-4537-A961-B966FABA4B8F&amp;tu=FB30EBA4-A343-4537-A961-B966FABA4B8F<\/span><\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.assuredpropertygroup.com.au\/\/single-post\/2019\/07\/22\/number-of-renters-spikes-as-homeownership-falls\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The proportion of Aussie households renting their dwelling increased to 32%, as homeownership in the country fell to 66% in 2018, according to a new analysis from the Australian Bureau of Statistics (ABS). The number of households renting their home from a private landlord also rose to 27%, with the proportion of public housing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38,59,74],"tags":[],"class_list":["post-1417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-investment","category-property-prices","category-property-tips"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Number Of Renters Spikes As Homeownership Falls | Urban Buyer: Buyers Agent &amp; Advocates | Best Property Buyers For You<\/title>\n<meta name=\"description\" content=\"The proportion of Aussie households renting their dwelling increased to 32%, as homeownership in the country fell to 66% in 2018, according to a new\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/royabhishek.in\/urbanbuyer\/number-of-renters-spikes-as-homeownership-falls-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Number Of Renters Spikes As Homeownership Falls\" \/>\n<meta property=\"og:description\" content=\"The proportion of Aussie households renting their dwelling increased to 32%, as homeownership in the country fell to 66% in 2018, according to a new\" \/>\n<meta property=\"og:url\" content=\"https:\/\/royabhishek.in\/urbanbuyer\/number-of-renters-spikes-as-homeownership-falls-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Urban Buyer: Buyers Agent &amp; 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