Wake-up call for great Australian dream
Affordability issues and shifting social priorities have led to a migration to the regions and caused more than 60 per cent of prospective first home buyers to give up on ownership altogether.
Having a large home on a big block is no longer considered to be a big priority for many Australians. Photo: Shutterstock (Image source: Shutterstock.com)
Less than ten per cent of Australians now regard home ownership as their number one life goal, as rising property prices force prospective first-home buyers to rent indefinitely and young families to leave the cities for regional areas.
Released this week by Real Insurance, The 2021 Real Home Survey quizzed more than 5,000 Australians, exploring how the traditional family home is changing and revealing that just over four in 10 families are in t…
