If we want to create a fairer, more equitable housing system, we must stop thinking of renters as second-class citizens.
Aspiring to own your home has long been a cornerstone of our national identity. It is an idea deeply embedded in our cultural narrative – a symbol of success, security, and, most Aussies insist, a right.
Long-term renting is normalised in countries such as Germany and Switzerland, and major cities like Paris and New York. Many renters there enjoy secure housing and equal quality of life measures to home owners.indicate that while owners may experience short-term joy around buying a home, they also tend to face higher stress levels and financial burdens, which can offset any perceived benefits.
Renters would receive capped annual rent increases tied to the consumer price index and, in recognition of their longer-term commitment, could be offered rent-free periods based on the length of their lease. In exchange, they would take on greater responsibility for the upkeep of the property, fostering a sense of ownership and pride in their home throughout the lease term.
Census data shows national home ownership declined by 2 per cent between 2011 and 2021. The Reserve Bank of Australia, the Productivity Commission, the Grattan Institute, and Australian Housing and Urban Research Institute have independently published reports addressing declining ownership rates and the conditions that mean this trend is likely to persist.
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