Young and poorer Aussies locked out of owning homes, OECD report says

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Young and poorer Aussies locked out of owning homes, OECD report says
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In Australia there has been a decline in homeowner ship rates across every generation for the past 40 years, with young Aussies among the largest falls worldwide. 9News

rates among younger and poorer Australians have suffered a dramatic slump over the past 40 years, new international research shows.

In Australia there has been a decline in homeowner ship rates across every generation for the past 40 years.And the OECD - which represents leading economic nations - warned the situation for poorer younger Australians is likely to worsen in coming years. "In the face of unprecedented housing market challenges, it is more important than ever to ensure that housing taxes are both fair and efficient," OECD's centre for tax policy director, Pascal Saint-Amans, said.

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