Exclusive Australian Bureau of Statistics data has revealed the staggering difference in wealth of older Australians in owner-occupied households compared to those that rent.
Key points:
- Those who own property as they approach retirement are much better off than those of the same age who rent, ABS data shows
- Rates of home ownership fell among every age group between 2011 and 2016
- Economist Brendan Coates says if fewer Australians own their home “it will have enormous consequences for all aspects of Australian life”
