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Home ownership dream shattered over the generations

Evidence continues to mount that it is much harder for younger generations to get a foothold in the property market.

Chris Ferris
Chris Ferris says affordability issues have locked many young Australians out of the property market.

Evidence continues to mount that it is much harder for younger generations to get a foothold in the property market. 

The harsh statistics presented by years of Census data are undeniable and track the continued decline in home ownership since the 1940s. 

Unveiling a slow and steady decline in home ownership for young people, the Census data shows that in the period 1947-1951, 54.2 per cent of people aged 25-29 were homeowners. 

But by 1971 th…